Twitter Influencer Unveils How Sam Altman’s OpenAI Could Be Behind the Major Consumer Hardware Crisis Due to Phantom Purchase Orders

A recent post on X (formerly Twitter) by user @aakashgupta has stirred controversy, suggesting that OpenAI, led by Sam Altman, significantly impacted global memory prices due to purported non-binding agreements for DRAM chips with Samsung and SK Hynix. Gupta claims these letters of intent for 900,000 wafers per month accounted for 40% of global supply, causing the market to react as if real orders were placed. This led to dramatic price increases, with DDR4 kits doubling in cost and contract DRAM prices surging by 171%. Gupta also highlighted the cancellation of OpenAI’s Stargate data center project, attributing it to misestimated demand forecasting. Despite these claims, recent price drops for DDR5 kits followed the release of Google’s new compression algorithm, TurboQuant, which significantly reduces AI memory needs. This situation underscores the intricacies of memory market dynamics amid rising AI demands, prompting further investigation into the implications of OpenAI’s agreements.

Source link