OpenAI's deals are looking a little frothy

OpenAI的生意看起来有点泡沫化。

The Indicator from Planet Money

2025-10-16

9 分钟
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There have been many headline-grabbing AI deals recently: Nvidia investing up to $100 billion in OpenAI. OpenAI promising to buy $300 billion worth of computing power from Oracle. Oracle buying tons of chips from Nvidia.  But … where’s the money coming from? Is all this AI overhype … a bubble?  On today's show, how money flows in the AI hyperscaling flood.  Related episodes:  Is AI overrated?  Is AI underrated? The messy human drama behind OpenAI  For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.   Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • NPR.

  • There has been a whirlwind of gargantuan AI deals recently, often involving open AI.

  • Oh yes, the softly spoken wizard of chat GPT, Sam Altman, has been busy.

  • There was this $300 billion deal with the database and cloud company Oracle.

  • Basically, Open AI said it would buy $300 billion worth of computing power from Oracle.

  • But how it open AI pay for that, it's unclear.

  • Yeah, we're going to get into that.

  • We'll also talk about NVIDIA.

  • It came in soon after, saying it would invest up to $100 billion in open AI.

  • It's all starting to get a little heady.

  • $100 billion here, $300 billion there.

  • NVIDIA paying open AI who pays Oracle, who pays NVIDIA.

  • We're going to have to break it down.

  • This is The Indicator from Planet Money.

  • I'm Terry in Words.

  • And I'm Waylon Wong.

  • Today on the show, open AI's deals.

  • We look at the AI data center boom and how the world's most valuable People's startup is trying to win the AI race.

  • To untangle all the open AI deals, we're going to start from the ground floor.

  • And what's happening on the ground floor is acres and acres and acres of data center construction from Las Vegas to Northern Virginia.