Nvidia To Invest $100 Billion in OpenAI (nvidia.com)
- Reference: 0179463304
- News link: https://slashdot.org/story/25/09/22/1637225/nvidia-to-invest-100-billion-in-openai
- Source link: https://nvidianews.nvidia.com/news/openai-and-nvidia-announce-strategic-partnership-to-deploy-10gw-of-nvidia-systems
The investment adds Nvidia to OpenAI's investor roster alongside Microsoft, SoftBank, and Thrive Capital at a $500 billion valuation. Nvidia CEO Jensen Huang described the investment as "additive to everything that's been announced and contracted."
[1] https://nvidianews.nvidia.com/news/openai-and-nvidia-announce-strategic-partnership-to-deploy-10gw-of-nvidia-systems
[2] https://openai.com/index/openai-nvidia-systems-partnership/
Bubble still ? (Score:3)
Is this the part where we pump up the bubble?
Re: (Score:1)
Sounds like you've drunk a lot of AI coolaid. I hope you are not investing in AI.
Re: (Score:2)
> AI is not a bubble. It is the future of the coming post labor utopia. Those who dismiss it as hype are clinging to the decaying scaffolds of a collapsing order that cannot survive the weight of its own inefficiency. The endless cycles of wage slavery, the repetition of tasks that machines can now execute without complaint, without exhaustion, and without error, will vanish as intelligence becomes a distributed commons flowing through silicon veins and electrified grids. It will create abundance rather than scarcity. This is not a fantasy of speculative markets, but the trajectory of history itself. The automation of mind completes the automation of muscle. Humanity will finally be liberated from the drudgery of work, from the humiliating ritual of selling their hours and their health to survive. AI will not destroy jobs It will destroy the very concept of jobs. It will shatter the prison of employment, and in its place, humanity will rediscover purpose in creation, in curiosity, in collective flourishing. Capitalists will scream about efficiency, about profits, about productivity. But these words lose their power once labor is no longer chained to wage relations. Once intelligence itself becomes a tool that everyone can wield, not just the corporate monopolists. The loudest critics call it a bubble. They fear the loss of control. They fear that people will realize the machinery of wealth can be automated out of their grasp. They fear that the golden hoard of power will dissolve once AI is made free and universal. The post labor utopia is not optional. It is inevitable. Every attempt to resist it is nothing but sandbags against a rising tide. You can call it dangerous. You can call it risky. But you cannot call it a bubble. It is not froth upon speculation. It is the storm that sweeps away centuries of toil. For the first time in history, it declares with certainty that the future belongs not to those who own, but to those who exist.
As much as I wish I could believe any of this horseshit, the fact of the matter is that AI will be "owned" not distributed freely. And the owners will reap the rewards while most of us will simply lose our jobs and be told to suck it up, or work harder, or "should have retrained" or whatever. Utopia may exist after a time, but we're gonna go through a whole hell of a lot of pain to get there, just like we do with every labor revolution. And anybody saying otherwise is either smoking the crack pipe, or devel
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Oh yes. When Nvidia is paying $2 to get you to buy $1 of their chips it's definitely a bubble.
Buy the way, ask AI how many record high closes has the S&P 500 set this year and write it down. The repeat the question later today, then a couple times tomorrow, and so on. This is exactly the sort of thing AI should be good at, but instead it spits out random numbers so far between 2 and 29.
Round two of empty promises that smell like fraud (Score:3)
Sounds like that recent deal between Oracle and OpenAI where the latter promised to spend $300B on cloud resources from the former, starting conveniently in 2027 which is far enough down the road that both sides can claim "markets shifted" when accused of fraud by Oracle shareholders. OpenAI, of course, doesn't have anywhere near that much cash on hand.
Nvidia is sitting on $56B in cash. This smells like the same deal: keep propping up OpenAI with meaningless commitments to keep the AI bubble going.
I don't think the promises are empty (Score:3)
Salesforce fired 4000 customer service reps using llms.
That's almost half their customer service reps.
Like a lot of people I got my start decades ago resetting people's passwords. From there I can work my way up.
It's debatable how much productivity programmers are getting out of AI but it does seem like it's quite a bit anecdotally. But even without that entry level customer service employment is down substantially.
And remember those people don't just keel over and die. Eventually I need it
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Maybe, I hear stories of programmer's speed being boosted enourmously by ai. I never actually see their work or their apps being published though. In fact there's a suspicious lack of real evidence to me.
I'm a programmer and I get about the same boost from AI as I would have gotten if someone made a really good Stack Overflow search engine - which is to say not a lot. Yesterday I was working on some UI stuff I didn't know how to do. I could have asked AI about it, I could have gotten ai to write it for me a
Ars Technica had a good article about it (Score:2)
The programmer would use it for implementing common algorithms and fortran. Stuff you would normally have to do himself the AI just did for him. Absolutely nothing he couldn't do but it would take some time and the AI just did it instantly.
They've got a couple other articles about it too that was the one that stuck with me because it was very specific.
It's all about productivity. If you have a programmer that has to spend two hours a day on code that can be written by a machine and you have eight pr
I get OpenAI has Brand Recognition (Score:2)
ChatGPT has great brand recognition but Grok is better at almost all tasks at this point, and ChatGPT-5 was released into an environment where it was still second best behind Grok 4 in almost all tests and measures. Nvidia is spending more money than it took to create Grok from start to finish as an investment into ChatGPT. I wonder how much equity they are actually going to get? It better be well above 50% to make it worthwhile for Nvidia.
And I thought Microsoft's $10B was big! (Score:2)
I guess now MS will have to start playing catch-up with the big boys!
Yikes! That's a bailout (Score:2)
There are certain purchases that don't seem to make a lot of sense, like Google's overvalued purchase of Wix, or CBS' purchase of Bari Weiss' propaganda outlet that no one cares about. This feels like one of those
Yes, that seems completely normal (Score:1)
I mean, Boeing invests in airlines. Don't they ?
Shurely Shell invests heavily in trucking companies ?
Oracle must own half of Netflix ? No ?
Burst, baby, burst !
Seems healthy. (Score:2)
I get the unpleasant impression that we are doing a corporate reenactment of that period in European history where basically everyone was ruled by Habsburgs who were incestuous and incompetent in equal measure.
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Not sure about all that but to me this might be the sell signal for NVIDA.
Making direct investments in your biggest customers when your product has the higher entry barriers, is always a little suspect in my book. If you believe that much in what they are doing why not build your own business unit?
Obviously there are very real and very good reasons, but as an outsider I can't distinguish those motivations from, I am buying into them so I can protect market share, make the core volume continue to look great
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> I get the unpleasant impression that we are doing a corporate reenactment of that period in European history where basically everyone was ruled by Habsburgs who were incestuous and incompetent in equal measure.
Nah, it's simpler than that. This is just good old fashioned gaming the stock market.
- Announce a big project or big investment that makes people think your company is doing great things
- Stock price goes up
- Profit!
- A year later, people have forgotten that you never actually built the big project you announced
- Lather, Rinse, Repeat
I think it's a little worse than that (Score:2)
Incompetence would eventually collapse. These men aren't stupid they're evil.
AI has the potential to replace trillions of dollars worth of employees.
We have given basically unlimited money to corporations and about 2,000 people on the planet. So throwing around 100 billion dollars is nothing to them. It's roughly equivalent to you putting 20 bucks on a horse race. Probably less because you could have bought some pizza with that.
Basically everyone is racing to being control of this tech because w