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The Guardian - UK
The Guardian - UK
Business
Dan Milmo Global technology editor

Do OpenAI’s multibillion-dollar deals mean exuberance has got out of hand?

OpenAI Nvidia AMD James Anderson Adrian Cox Microsoft Alphabet Amazon Google Meta
OpenAI logo on screen above a keyboard
An investment bank strategist said the situation ‘looks, smells and talks like a bubble’. Photograph: Dado Ruvić/Reuters

There are always points in financial booms when market commentators ask if exuberance has got out of hand.

OpenAI’s multibillion-dollar deals with chip makers Nvidia and AMD are the latest reason for pause about the sustainability of vast investments in artificial intelligence.

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