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OpenAI CEO Sam Altman's 2033 250 GW target could cost up to $12.5 trillion
OpenAI is about to test how far ambition can go before it melts the servers. Analysts at Citi said this week that the company will need to spend more than $1 trillion over the next five years to meet the insane level of computing power it has promised to build.
OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can’t pay? It won’t be Altman.
SoftBank unloaded $5.8 billion in Nvidia shares as part of a broader $40 billion bet on OpenAI, fueling fears of an AI bubble.
Softbank has dumped its entire $5.83 billion stake in AI chip supplier Nvidia as it pours more resources into its “all-in” bet on Sam Altman’s OpenAI.
Shares of NVIDIA (Nasdaq: NVDA) dropped 7.1% this week, sinking sharply after hitting a high of $211.34 on Monday morning. Yet, even with the losses, NVIDIA shares had quickly plummeted into correction territory midday Friday.
That's how much OpenAI, under Chief Executive Sam Altman, has signed up to pay Nvidia and Oracle in the years ahead. Its prospective outlay could be closer to $1 trillion if deals with AMD, Broadcom,
Thiel and other mega-rich investors dump their stakes amid fraying nerves. Panic spread through trading floors after venture capitalist and Trump cheerleader Peter Thiel flogged all the Nvidia shares he held.