What does this mean? "To support the partnership, NVIDIA intends to invest up to $100 billion in OpenAI progressively as each gigawatt is deployed."

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vlovich123 4 days ago | parent | next [-]

Nvidia is buying their own chips and counting it as a sale. In exchange they’re maybe getting OpenAI stock that will be worth more in the future. Normally this would count as illegally cooking the books I think but if the OpenAI investment pays off no one will care.

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toomuchtodo 4 days ago | parent | next [-]

What if it doesn't?

	▲	vlovich123 4 days ago \| parent \| next [-]
		Still unlikely they’d get prosecuted because they’re not trying to hide how they’re doing this and there’s no reasonable expectation that OpenAI is likely to fold. I doubt they’d improperly record this in their accounting ledger either.
	▲	nutjob2 4 days ago \| parent \| prev [-]
		It's a good question since it's probably the 99% case.

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4 days ago | parent | prev [-]

[deleted]

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patapong 4 days ago | parent | prev | next [-]

Perhaps it means OpenAI will pay for the graphics card in stock? Nvidia would become an investor in OpenAI thereby moving up the AI value chain as well as ensuring demand for GPUs, while OpenAI would get millions of GPUs to scale their infrastructure.

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dtech 4 days ago | parent | prev | next [-]

They're investing in kind. They're paying with chips instead of money

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mmmllm 4 days ago | parent | prev | next [-]

They will transfer the money to buy their own chips right before each chip is purchased

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solarexplorer 4 days ago | parent | prev | next [-]

That they will invest 10$ in OpenAI for each W of NVIDIA chips that is deployed? EDIT: In steps of 1GW it seems.

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jstummbillig 4 days ago | parent | prev | next [-]

I am confused as to what the question is.

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losteric 4 days ago | parent | prev | next [-]

so nvidia's value supported by the value of AI companies, which nvidia then supports?

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dsr_ 4 days ago | parent | prev | next [-]

It means this is a bubble, and Nvidia is hoping that their friends in a white house will keep them from being prosecuted, of at least from substantial penalties.

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re-thc 4 days ago | parent | prev [-]

> What does this mean?

> to invest up to

i.e. 0 to something something