> 5 billion doesn't look like much when OpenAI just raised $110b though.

Just about all of the AI providers "raises" are a fraction of the reported "raise", like this one.

They didn't "raise" $100b. They got commitments for $35b, with said commitments being dependent on meeting certain criteria.

Every "raise of $FOO" I've seen in the past year or two has not resulted in them getting their hands on $FOO in cash to spend.

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peyton an hour ago | parent [-]

You might be surprised to learn that there isn’t even $100b of cash [1]. Some sort of commitment structure necessarily substitutes.

[1]: https://fred.stlouisfed.org/series/USDIVCA

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deafpolygon 38 minutes ago | parent [-]

I can hardly believe that this is legal. They’re basically committing money that doesn’t exist just yet.

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lelanthran 21 minutes ago | parent [-]

> I can hardly believe that this is legal. They’re basically committing money that doesn’t exist just yet.

What do you mean "just yet" :-)

I don't really know how likely it is that the money being committed will actually exist when the time comes (Softbank's commitment didn't exist, they had to sell off assets and rope in other investors to meet their commitments).

Maybe it is very likely to exist, but, really, who knows?

IOW, your statement would be equally true by ending the sentence at the word "exist".

	▲	deafpolygon 10 minutes ago \| parent [-]
		would the correct read of this situation that they’re betting on the AI bubble popping?