OpenAI Needs a Trillion Dollars in the Next Four Years
19 hours ago
- #data-centers
- #OpenAI
- #funding
- OpenAI has promised to build 17 Gigawatts of data center capacity, but there isn't enough capital to fulfill this promise.
- NVIDIA announced a partnership with OpenAI, intending to invest up to $100 billion, but the deal is not finalized and details are unclear.
- OpenAI has committed to building 10 Gigawatts of data center capacity without specifying locations or funding sources.
- OpenAI, SoftBank, and Oracle are accused of misleading the public about progress on Stargate data centers.
- Current estimates suggest it takes 2.5 years and $32.5 billion per Gigawatt of data center compute.
- OpenAI has made multiple unrealistic financial promises totaling hundreds of billions of dollars, with unclear funding sources.
- Oracle is raising $15 billion in bonds, but this is insufficient for the scale of planned data centers.
- Vantage Data Centers is raising $25 billion to support data center projects, but completion is not expected until 2027 at the earliest.
- Sam Altman and OpenAI are criticized for making fantastical promises and failing to provide realistic funding plans.
- OpenAI needs at least $500 billion to fund its operations and $432 billion more through partners to meet its goals.