Two weeks ago, Nvidia agreed to invest as much as $100 billion in OpenAI to help the leading AI startup fund a data-center buildout so massive it could power a major city. OpenAI in turn committed to filling those sites with millions of Nvidia chips. The arrangement was promptly criticized for its “circular” nature. This week, undeterred, OpenAI struck a similar deal.
The ChatGPT maker on Monday inked a partnership with Nvidia rival Advanced Micro Devices to deploy tens of billions of dollars’ worth of its chips. As part of the tie-up, OpenAI is poised to become one of AMD’s largest shareholders. Never before has so much money been spent so rapidly on a technology that, for all its potential, remains largely unproven as an avenue for profit-making. And often, these investments can be traced back to two leading firms: Nvidia and OpenAI. Bloomberg Intelligence Global Head of Technology Research Mandeep Singh joins Bloomberg Businessweek Daily to discuss. He speaks with Norah Mulinda and Kristine Aquino.
Credit to : Bloomberg Podcasts