Oracle’s $300billion five-year deal with OpenAI, that helped their stock soaring last week. Part of the reason Oracle was able to strike a deal with OpenAI was due to Ellison’s courting of Nvidia CEO Jensen Huang, which has allowed his company, despite previously trailing behind other cloud providers, to secure large stockpile of top of the line Nvidia GPUs to position itself as a significant player in the AI infrastructure space. This attempt by both Oracle and OpenAI mislead some investors and the markets at large with a contract that neither party can fulfil, and guarantees that OpenAI will run out of cash in the next few years. OpenAI, now needs $250bn over the next four years to pay its $300bn compute contract with Oracle, who cannot physically build the data centres to service it in time although OpenAI claims they will make more revenue than Nvidia by 2030. OpenAI is in the process of restructuring to allow its for-profit to raise more capital, although they have took a significant step by getting Microsoft as their lead investor
Oracle and OpenAI hunting for future fortune
Oracle’s $300billion five-year deal with OpenAI, that helped their stock soaring last week. Part of the reason Oracle was able to strike a deal with OpenAI was due to Ellison’s courting of Nvidia CEO Jensen Huang, which has allowed his company, despite previously trailing behind other cloud providers, to secure large stockpile of top of…
2 responses to “Oracle and OpenAI hunting for future fortune”
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It’s killing Congo
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The general public have been led to believe AI is a new app and system pervading and flooding the public through the media especially and mainly, though individuals now find ways to employ it also. We react to unusual and fantastically executed videos and films and information now by wondering if what we see is “faked up” using Artificial Intelligence.
AI has actually been around amongst the cognoscenti for decades. Just think how the film industry has used it for one example!
However we are told AI can now write novels and other written material through programming.
Do you believe this? I for one definitely do believe it. In fact I believe, like other technology which “takes its time” to grace the marketplace, AI has been around for ages.
But currently AI is now flavour of the month and it will continue to be a flavour of any month or any year to come so get to know what it does and what it is capable of doing! Cheers. Penny Nair Price 07724 431329
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