OpenAI Company stock Chip purchases Data centers Cloud computing Funding
How OpenAI Uses Complex and Circular Deals to Fuel Its Multibillion-Dollar Rise
Sam Altman, the chief executive of OpenAI, says that technological revolutions are driven by more than just technology. They are also driven, he argues, by new ways of paying for them.
“There is always a lot of focus on technological innovation. What really drives a lot of progress is when people also figure out how to innovate on the financial model,” he recently said at the site of a data center that OpenAI is building in Abilene, Texas.
Over the last several years, Mr. Altman’s company has found unusual and creative ways of paying for the computing power needed to fuel its ambitions.
Many of the deals OpenAI has struck — with chipmakers, cloud computing companies and others — are strangely circular.
Continue Reading on New York Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.