The disappearance of a $100 billion deal between Nvidia and OpenAI has raised questions about the stability of the AI economy. The deal, which was announced last September, would have seen Nvidia supply OpenAI with chips in exchange for large sums of money. However, recent reports suggest that the deal may not be happening at all, with Nvidia's CEO emphasizing that it was non-binding and not finalized. This has led to a 10% drop in Nvidia's stock and a flurry of headlines. OpenAI's CEO, Sam Altman, has stated that they love working with Nvidia and hope to be a gigantic customer for a very long time, but the deal's apparent evaporation has raised concerns about the financial relationship between the two companies. The issue is further complicated by the fact that investors and companies like Oracle may have taken the widely reported $100 billion commitments seriously. As the AI landscape evolves, with hype giving way to realities about what aspects of the technology are actually going to earn money, the disappearance of the deal highlights the challenges and uncertainties that lie ahead for the AI industry.
