… Oracle insists its $300B cloud contract with OpenAI is on track Oracle raises AI spending estimate, spooks investors 18 zettaFLOPS of new AI compute coming online from Oracle late next year In September, Oracle issued $18 billion in bonds and raised borrowing elsewhere. …
… And OpenAI, like all AI labs, is a money furnace. Recently, OpenAI projected that it will spend $665 billion by 2030 — $111 billion more in cash burn than it previously predicted. …
… 844 In November 2018, Musk writes in an email to Gabe Newell, co-founder of video game developer Valve, that his involvement in OpenAI is “very limited at this point.” “I still provide some financial support and get verbal and email updates every few weeks from Sam Altman, but don’t spend time ther… …
… These founders have deep technical skills and the work ethic to sleep in the office and take calls on weekends, she told me at the booth. “We should be building a new Chinese AI mafia in Silicon Valley,” Chen said. “ AI is going to become our home turf.” The AI carnival continued into the night acr… …
… 45 46 The 2019 restructuring made the nonprofit OpenAI, Inc., the only controlling shareholder of OpenAI LP, which retained a formal fiduciary responsibility to OpenAI, Inc.'s nonprofit charter. A majority of OpenAI, Inc.'s board was barred from having financial stakes in OpenAI LP. …
… So the case will be really interesting because I feel like all of these AI companies have acted pretty much with impunity from the start. There's no real regulatory pressure. …
… "Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips" . …
… And then we had a financial analysis that showed that money was gone very, very quickly. , tThey had spent it, because AI is expensive. …
… You mentioned the pressure to rein in, be more safe, have more control for AI might come from other governments, other organizations. Maybe it’s the states. Where do you see the most pressure on making AI safe come from right now? …
… It certainly created more pressure on Sam and OpenAI. We published a story this week just about the vibes of OpenAI. Your story is part of it, but massive staffing changes in the executive ranks at OpenAI — people are coming and going. …
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