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Oracle debt holders are sweating profusely right now I imagine. How does OpenAI gets 300B$ to pay Oracle [1] when nVidia has to be convinced to shell out "just"
by marcyb5st 8mo ago
Oracle debt holders are sweating profusely right now I imagine. How does OpenAI gets 300B$ to pay Oracle [1] when nVidia has to be convinced to shell out "just" 30B for actually purchasing nVidia hardware.
[1] https://www.ft.com/content/90aa74a5-b39d-4131-a138-367726cb18fb https://www.ft.com/content/90aa74a5-b39d-4131-a138-367726cb1...
- lm28469 8mo ago> How does OpenAI gets 300B$ to pay Oracle Easy, they just have to sell their overpriced vram chips (which haven't been manufactured yet), from their GPUs (which haven't been bought yet) which are in their data centers (the ones they're planning to build "soon"). It really isn't rocket science
- __patchbit__ 8mo agoReallocate the $70 billion split difference to orbital station AI datacenters and Moon mass driver launched life cycle renewal equipment resupplies.
- rvnx 8mo agoGood point, let's all invest in the SpaceX.ai IPO
- hshdhdhj4444 8mo agoOr as OpenAI has been trial ballooning for months, the government bails them out.
- mnky9800n 8mo agoThis reminds me when F22s blasted Chinese balloons out of the sky.
- giancarlostoro 8mo agoReminds me of when we sent balloons into Russian Airspace to see how many we could get back on the other end, in the 1950s. https://en.wikipedia.org/wiki/Project_Genetrix https://en.wikipedia.org/wiki/Project_Genetrix
- oblio 8mo agoI'm a bit disappointed the balloons weren't nuclear powered, considering the era.
- diegopetrucci 8mo agoTIL. Great read.
- hagbarth 8mo agoI have no idea why they would do that. Outside blatant corruption, which we shouldn't discount.
- SecretDreams 8mo ago> Outside blatant corruption Are we acting like this is a low probability outcome?
- carlkarlcarol 8mo ago[dead]
- GolfPopper 8mo agoDo they have enough liquidity to bribe Trump to do that?
- burnte 8mo agoWhy would that happen? Extremely little will happen to the US economy if OAI fails. The government has absolutely no reason to bail them out beyond pure corruption. OAI's most valuable assets are hardware that will be worthless in 6-8 years. The second most valuable assets are the code which other companies are doing just fine with their own. The third is the hype halo that keeps them getting these deals that are disconnected from reality. Nothing there is holding up the economy. They only have 4,000 employees. If they all lost their jobs, it would barely be a blip in a monthly jobs report. It's not as though millions of people will lose their jobs disrupting the economy like COVID. The only downside is some imaginary money vanishes and some investors take a haircut on the imaginary money.
- overfeed 8mo ago> Why would that happen "National Security", and the usual fluff about "ensuring that the United States remains at the forefront of cutting-edge AI technology". "Adversaries" will almost certainly be mentioned, "China" specifically has a 50% chance to be name-dropped.
- quantified 8mo agoGrok is the US gov'ts platform, not OpenAI.
- chasd00 8mo ago> United States remains at the forefront of cutting-edge AI technology then the US can just call up Google and Anthropic and use their on-par if not better cutting-edge AI technology. OpenAI just isn't important enough and alternatives exist to fill the crater they leave. Also, the public isn't a huge fan of AI taking all the jobs and it's an election year (albeit mid-term).
- kjkjadksj 8mo agoYou are speaking like the president is a rational adult who believes in meritocracy
- 8mo ago
- pawelduda 8mo agoMaybe they could sell the RAM reserves they've been hoarding
- throwaway85825 8mo agoOpenAI is the HBM market.