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The Guardian - UK
The Guardian - UK
Technology
Aisha Down and Dan Milmo

What does the disappearance of a $100bn deal mean for the AI economy?

Nvidia OpenAI Jensen Huang Economy Oracle Sam Altman
Nvidia’s CEO Jensen Huang hands out something to journalists at a briefing
Nvidia’s CEO Jensen Huang in Taipei, Taiwan, last month. He has said privately the deal was ‘non-binding’. Photograph: Ann Wang/Reuters

Did the circular AI economy just wobble? Last week it was reported that a much-discussed $100bn deal – announced last September – between Nvidia and OpenAI might not be happening at all.

This was a circular arrangement through which the chipmaker would supply the ChatGPT developer with huge sums of money that would largely go towards the purchase of its own chips.

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