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OpenAI plans to spend 300 BILLION dollars over the next five years on Oracle to build their data centers for them. OpenAI is getting this investment money from Nvidia, at least 100 billion a year. Oracle is spending this money on chips made by Nvidia, at least 40 billion dollars worth of GPUs.
So Nvidia is paying OpenAI so they can pay Oracale so Oracale can buy Nvidia's chips. Where does the money come from? Where does the money go? This is just a loop to make tech companies look more promising than they actually are. This is the same thing that Cisco did during the 1990s leading up to the dot com crash.
And Oracle is likely only getting this deal because they've scored the tiktoc US acquisition contract, giving them access to the algorithm and sensitive user data.
It's why their stonks are TOO THE MOON right now despite not making any phenomenal profits.
And it gets dumber. OpenAI is also buying GPUs from AMD which they don't have the money for (70 billion) so instead they get a 10% stake in AMD through their stocks. The deal is announced publicly which causes AMD's stocks to shoot up, meaning the 34B of stock that OpenAI got from AMD is now worth the 70B they need which they can just sell and have the money for the order. AMD is partnering with Intel which the US government has a 10% stake in, so this is how this is being allowed to happen, because the government also gets its beak wet. OpenAI's deals now add up to 1 TRILLION dollars that they have promised to various tech companies with money they do not have. Their entire business model hinges on market hype for AI.
