Nvidia, OpenAI and SoftBank
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Silicon Valley’s wealthiest executives, including the world’s second-richest man Larry Ellison and AI mogul Sam Altman, are investing billions into ventures aimed at extending human lifespans.
Artificial intelligence (AI) applications like OpenAI's ChatGPT seem to get all the attention. But it's the infrastructure -- the chips and cloud computing platforms -- upon which these apps are built that make AI possible.
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OpenAI partners with Amazon in a $38 billion cloud deal
OpenAI agreed to purchase $38 billion of Amazon Web Service capacity, deploying hundreds of thousands of Nvidia GPUs.
Fears global markets are in an AI bubble accelerated after Sam Altman was forced to deny that OpenAI wanted the government to back its debt.
Ellison's fortune has grown thanks to Oracle stock jumping 97% this year on AI optimism. Larry Ellison is about twice as rich now than at the start of the year, and is personally worth more than Bank of America. The Oracle cofounder's fortune grew by an ...