Sam Altman, CEO of OpenAI, asserts that technological revolutions depend not only on advancements but also on innovative financial models. Recently, at a data center site in Abilene, Texas, he emphasized that progress arises from creative funding strategies. OpenAI has initiated unconventional financial arrangements, often receiving billions from tech giants like Microsoft, then returning most to purchase computing power. This cycle has sparked concerns about a potential financial bubble. OpenAI, which has received over $13 billion from Microsoft, has recently expanded its computing partnerships to companies like CoreWeave, Oracle, and SoftBank, securing billions for new data centers. Despite earning significant revenue from products like ChatGPT, OpenAI continues to operate at a loss. Its growing debt and reliance on uncertain market expansion raise worries about financial instability, impacting both small partners and the broader economy if AI technology development falters. The partnerships represent both opportunity and risk in the evolving AI landscape.
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