- The Wall Street Journal reports that Nvidia is negotiating to guarantee $250 billion in financing so OpenAI can lease a 10 gigawatt data center project.
- Deals like this feed arguments about circular financing, used by people who say the AI industry is a bubble already deflating.
- The dispatch separates two claims bundled together: a reasonable worry that losses could cascade through the supply chain, and an unsupported claim that AI firms fund each other because outside investors have walked away.
- Bloomberg reports Nvidia is also putting $5 billion into Safe Superintelligence, Ilya Sutskever's startup, tied to chips expected to multiply its computing power tenfold in a year, though it has announced no products.
- The author takes these long shot bets as evidence Nvidia expects returns from AI to keep growing, closing with a warning about digging too greedily and too deep.
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Nvidia Bets Big on the AI Gold Rush
Nvidia is reportedly backing $250 billion in financing for an OpenAI data center project and investing $5 billion in a startup with no products, moves this dispatch reads as confidence in AI's future rather than the desperation critics of circular financing imply.
From AI StopWatch, published with their permission.
The summaries and the full Spanish translation are produced automatically. The original is always linked.