OpenAI has signed up to $1 trillion worth of deals

$1T

In the past few weeks, OpenAI has announced a flurry of massive deals with Oracle, Nvidia, CoreWeave, AMD, and others as hundreds of billions fly between technology partners racing to expand AI infrastructure at unprecedented scale. The Financial Times tallied it all up and found that the company has signed about $1 trillion worth of deals, and it isn’t clear at all that it will be able to fund them.

The “circular” nature of some of these arrangements is also one factor playing into fears that we’re in an AI bubble.

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When OpenAI’s ChatGPT burst onto the scene in November 2022, it sent shock waves through Silicon Valley’s biggest names. Google, Microsoft, and Amazon had all been developing generative AI, but OpenAI’s breakthrough sparked an all-out race to catch up. Until now.

It seems that OpenAI CEO Sam Altman is feeling the heat from Google, whose newly released Gemini 3 has been receiving stellar reception from AI leaderboards, analysts, and consumers alike.

“We know we have some work to do but we are catching up fast,” OpenAI CEO Sam Altman told colleagues last month, after learning about Google’s AI advances, The Information reports. “I expect the vibes out there to be rough for a bit.”

Google’s AI progress, Altman said, could “create some temporary economic headwinds for our company,” but he said OpenAI would emerge on top.

However, it’s worth remembering that, despite OpenAI’s first-mover advantage and supersized valuation, Google is a substantial adversary that is peppering its AI models across its giant existing — and highly lucrative — product suite.

Altman Memo Forecasts ‘Rough Vibes’ Due to Resurgent Google

It seems that OpenAI CEO Sam Altman is feeling the heat from Google, whose newly released Gemini 3 has been receiving stellar reception from AI leaderboards, analysts, and consumers alike.

Google’s AI progress, Altman said, could “create some temporary economic headwinds for our company,” but he said OpenAI would emerge on top.

WHO HAS

THE WHEEL?

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