OpenAI spreads the imaginary wealth beyond Microsoft with $38B AWS deal

OpenAI has signed a seven-year, $38 billion agreement with Amazon Web Services, adding another hyperscaler alongside Microsoft Azure for its growing AI compute needs. Where it's getting all this money was not disclosed. It's been less than a week since OpenAI completed its for-profit restructuring that saw Microsoft lose its …

[Groo The Wanderer - A Canuck]

It's easy to spend somebody else's money when you live in fantasy land like the "all things AI" crowd does.

[Anonymous Coward]

I can see some AI leaders and acolytes being housed in the same block as Elisabeth Holmes in a few years time.

[ecofeco]

I dunno about imaginary wealth

We should ask the thousands of employees who were fired from the those tech companies about their imaginary money being used for AI.

[beast666]

The Tortoise and the Hare in AI - Why the U.S. May Already Be Losing the Strategic Race

[Hurn]

Love the graphic...

A man at one computer, typing/chatting to a beautiful geisha at her computer. True love, blossoming on the internet, and soon, in reality, when they finally meet.

<cough>

Need the other side of the coin:

the guy on the left is fat, older, and already has 2 Ex Wives and child support payments overdue

meanwhile, the entity on the right is:

a. An AI bot

b. Another fat, older, guy who also has 2 Ex Wives and child support payments overdue

c. An AI bot, programmed a fat, older, guy who also has 2 Ex Wives and child support payments overdue

[ComputerSays_noAbsolutelyNo]

Re: Love the graphic...

d: both entities are of the c type, because agentic AI

The compute bill racked up dwarves the GDP of a small African nation, and the electricity wasted in the process could have run the Manhattan prohect gack in the day.

[Pascal Monett]

$35B here, $250B there

Where did OpenAI get all that money ? Is it all in their "futures" value ?

Never mind, hey guys, can I sign a measely $1B deal with you in exchange for nothing on my part ?

Since you apparently have the money to throw around . . .

[StewartWhite]

Show me the money!

It's all fun and games until the music stops when us proles get to pick up the bill as the companies reveal that there is no money, never was any money and never will be any money.

[Steve Davies 3]

This will only decrease the time

until the AI Bubble goes Pop!

A lot of mega corps will see their stock price halve almost overnight.

Those that have not gone all in on AI will see the reverse.

AI Everywhere is just like fools gold. Nice and shiny until you dig deep.