Nvidia’s $100 Billion OpenAI Investment Stalls: Is the AI Bubble Bursting?
Nvidia’s plan to invest up to $100 billion in OpenAI has stalled, according to reports from the Wall Street Journal. It seems like a massive deal, a staggering amount of money, but digging a little deeper reveals that this isn’t just about a straightforward investment. It was more like a plan to *give* OpenAI $100 billion, with the expectation that OpenAI would immediately turn around and order GPUs from Nvidia. This intricate arrangement was essentially designed to boost Nvidia’s sales projections, keeping those valuations sky-high, even while the CEO was selling off billions of dollars of stock and apparently funneling funds through a “charity.”… Continue reading