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Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only raised $17b total...
It appears this basically locks out Google, Amazon and Meta. Why are we declaring OpenAI as the winner? This is like declaring Netscape the winner before the dust settled. Having the govt involved in this manner can’t be a good thing.
Interestingly, there seems to be no actual government involvement aside from the announcement taking place at the White House. It all seems to be private money.
Earlier quoted context omitted.
Microsoft has lots of revenue streams tied to that capex outlay. Does OpenAI have similar revenue numbers to Microsoft?
OpenAI has a very healthy revenue stream in the form of other companies throwing money at them. But to answer your question, no they aren’t even profitable by themselves.
~$125B per year would be 2-3% of all domestic investment. It's similar in scale to the GDP of a small middle income country. If the electric grid — particularly the interconnection queue — is already the bottleneck to data center deployment, is something on this scale even close to possible? If it's a rationalized policy framework (big if!), I would guess there's some major permitting reform announcement coming soon.
How else do you think Trump is going to bring back all the coal jobs? SV is going to help burn down the planet and is giddy over the prospect.
I'm confused and a bit disturbed; honestly having a very difficult time internalizing and processing this information. This announcement is making me wonder if I'm poorly calibrated on the current progress of AI development and the potential path forward. Is the key idea here that current AI development has figured out enough to brute force a path towards AGI? Or I guess the alternative is that they expect to figure…
Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only raised $17b total...
>> Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only raised $17b total... 1. The outlays can be over many years. 2. They can raise debt. People will happily invest at modest yields. 3. They can raise an equity fund.
Why not continue:
4. They can start a kickstarter or go fund me
5. They can go on Dragons’ Den
…
Earlier quoted context omitted.
Interestingly, there seems to be no actual government involvement aside from the announcement taking place at the White House. It all seems to be private money.
Yeah but the linked article makes it seem like the current, one-day-old, administration is responsible for the whole thing.
After they build the Multivac or Deep Thought, or whatever it is they’re trying to do, then what happens? It makes all the stockholders a lot of money?
The way I think about this project, along with all of Trump's plans, is that he wants to maximize the US's economic output to ensure we are competitive with China in the future. Yes, it would make money for stockholders. But it's much more than that: it's an empire-scale psychological game for leverage in the future.
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That was literally my question. Is this basically just for more datacenters, NVidia chips, and electricity with a sprinkling of engineers to run it all? If so, then that $500bn should NOT be invested in today's tech, but instead in making more powerful and power efficient chips, IMO.
I don’t know if $500bn could put anyone ahead of nvidia/tmc.