nVidia had announced that instead of 100 billion for nothing to OpenAI that they were doing 30 billion for stake, and said they were probably not going to keep giving these ‘halo’ AI companies money after this.
I also saw a report that banks were starting to get a bit more stingy with money to the same companies.
I think that while there’s still plenty of money coming in still, it does seem like the ‘take our unlimited cash just because you have AI in your name’ phase is wearing out and they actually have to try to convince people now.
Which is a pretty big problem for them, as despite their brand recognition they aren’t really seen as the ‘leader’ in the AI space on any particular front.
nVidia had announced that instead of 100 billion for nothing to OpenAI that they were doing 30 billion for stake, and said they were probably not going to keep giving these ‘halo’ AI companies money after this.
I also saw a report that banks were starting to get a bit more stingy with money to the same companies.
I think that while there’s still plenty of money coming in still, it does seem like the ‘take our unlimited cash just because you have AI in your name’ phase is wearing out and they actually have to try to convince people now.
Which is a pretty big problem for them, as despite their brand recognition they aren’t really seen as the ‘leader’ in the AI space on any particular front.