Nvidia Fails to Meet OpenAI's $100 Billion Demand
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A few months ago, Nvidia announced a billion-dollar investment in OpenAI. The CEO of the GPU manufacturer now says that the deal was actually non-binding and that they will not be following through.
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Nvidia breaking funding promises, Microsoft losing 10% on the stock market due to poor Azure prospects and its AI investments, Oracle laying off 30,000 workers because banks have pulled funding for AI data centers, Deutsche Bank and Morgan Stanley trying to cover their backs with the debt they’ve taken on to finance AI data centers... this is starting to smell a bit fishy.
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