• melfie@lemy.lol
    link
    fedilink
    English
    arrow-up
    36
    ·
    edit-2
    1 day ago

    Nvidia announced that it would invest $100 billion into OpenAI, OpenAI announced that it would pay $300 billion to Oracle for computing power, and Oracle announced it would buy $40 billion worth of chips from Nvidia.

    I can’t help but feel like we both just ate shit for nothing." “That’s not true”, responded the second economist. “We increased the GDP by $200!”

    Except the way it actually works is Larry, Jensen, and Sam keep the money while the rest of us eat shit.

    • scarabic@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      4 hours ago

      Is anyone going to talk about how the amounts don’t remotely match up? If you just cancel them all out, you still get Open AI buying $160 billion in Oracle compute.