In the dizzying race for artificial intelligence (AI), OpenAI placed orders for chips hundreds of billions of dollarsamounts that do not correspond to their current income and that worry some investors.
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In less than a month, the creator of ChatGPT has committed to Nvidia, AMD y Broadcom to acquire processors with a power of 26 gigawatts (gw), which represents a total of at least 10 million units and requires the electrical production of more than twenty nuclear reactors.
“They will need hundreds of billions of dollars to meet their obligations,” summarizes Gil Luria, of the financial advisory company DA Davidson.
OpenAI has generated 13 million dollars
But OpenAI It only expects to generate about $13 billion in revenue in 2024, loses tens of billions each year, and doesn’t expect to be profitable before 2029.
In an interview with CNBC, OpenAI president Greg Brockman mentioned “different mechanisms,” without elaborating.
Nvidia, AMD y Broadcom, also consulted by the AFPthey did not comment further on the payment methods of these essential processors for the development of AI.
In the case of Nvidiahas committed to acquiring $100 billion in shares over several years OpenAIan injection of fresh capital that could allow the AI star to absorb some of the cost of the chips.
This mechanism is often described as circular financing, in which a supplier offers the means to a customer to purchase their goods or services.
AMDfor its part, agreed to grant securities to its client, whose value could reach tens of billions of dollars, a very atypical operation since it does not include any consideration.
“This represents another unhealthy dynamic,” says Luria, who also highlights that AMD is “desperate to get its AI chips to market.”
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The director of OpenAI, Sam Altman“has the power to sink the global economy for a decade or take us to the promised land,” wrote Bernstein analyst Stacy Rasgon.
“And right now, we don’t know which of these options is in the cards.”
The AI company engages with Nvidia, AMD and Broadcom to acquire processors essential for the development of ChatGPT.