I don’t think so. I think it is positioning for the unknown future and hedging.

For example, Amazon isn’t able to train its own models so it hedges by investing in Anthropic and OpenAI. Oracle, same with OpenAI deal. Nvidia wants to stay in OpenAI and Anthropic’s tech stack.

It’s all jockeying for position.

Oracle is a perfect example of using empty AI partnership announcements to goose the stock price and also a perfect example of how unsustainable of a strategy it is.