Sam Altman Openai worth $ 850 billion in planned construction, Bubble Concer

Abilin, Texas – Sam Taman I stood on a patch of dirt in the hot Texas, a type that turns into dirt storms in dry days and muddy mint after sudden rains. Behind him, the outline of what will soon be a huge complex for the data center in the western part of the state, where heavy winds often meet.

It was a suitable background for Openai CEO to detect what he calls the largest batch of modern infrastructure: Building 17 Gigawatt in partnership with Oracleand NafidiaAnd Softbank.

In less than 48 hours, Openai has announced obligations equal to 17 nuclear factories or about nine dams. The plan will require the amount of electricity needed to operate more than 13 million American homes.

The scale is amazing, even for a company raised a record amount of private market money and has seen its evaluation to $ 500 billion. At a price of about 50 billion dollars per site, Openai projects add up to about $ 850 billion in spending, which is nearly half a trillion dollars of global HSBC infrastructure expectations.

Altman understands anxiety. But he rejects the idea that the outbreak of spending is exaggerated.

“People are worried. I get it completely. I think this is very normal,” Altman told CNBC on Tuesday from the site of its first huge data centers in Abyen. “We are growing faster than any work I have heard before.”

Al -Taman insisted that the building’s boom is In response to the high demand, with a highlight of a ten -fold jump in the use of Chatgpt over the past 18 months. He said that a network of super computing facilities is what is required to increase the capabilities of artificial intelligence.

“This is what is necessary to deliver artificial intelligence.” “Unlike previous technological revolutions or previous versions of the Internet, there is a lot of required infrastructure, and this is a small sample of them.”

The largest bottleneck of Amnesty International is not money or chips – it’s electricity. Altman put money in nuclear companies because it sees its fixed and center production as one of the only powerful energy sources enough to meet the tremendous demand for artificial intelligence.

Homosexuality He led a $ 500 million financing round At Helion Energy to build a demonstration reactor and support OKLO, The fission company that it took last year through its plumber.

Critics warn of a bubble, pointing to how companies such as NVIDIA, Oracle, Broadcom Microsoft has added hundreds of billions of dollars in the market value against the background of the Openai, which burns money. The value of NVIDIA and Microsoft is now $ 8.1 trillion, or equal to about 13.5 % of the S&P 500.

Sktulad also says that the system is similar to a circular financing model. Openai commit hundreds of billions of dollars for projects that depend on partners such as NVIDIA, Oracle and SoftBank. These companies are invested simultaneously in the same projects, then they decline through chip sales and data center rents.

The monk has a different perspectiveand On the pretext that the entire ecosystem is combined together to meet a historical increase in accounting needs. The monk indicated that Bums is large technology I have always requested this type of coordinated bold infrastructure.

Altman added that such courses of excessive investment and investment have been characterized by every previous technological revolution. He said that some people will definitely feel pain.

“People will burn over investment and people also burn in investment and they have no sufficient ability,” he said. “Smart people will overlook, and people will lose a lot of money. People will earn a lot of money. But I am sure that the value of this long -term technology will be enormous for society. “

Openai partners are betting on this future. Oracle is to reshape its leadership around it. On Monday, the company Roj Clay Majorek and Mike Cecilia to the CEO Roles, to replace Safra Katz. Magouyrk operated the cloud infrastructure and was Sicily, Oracle Industries.

“When you think about why he is now, it is really there in Oracle to succeed,” Magouyrk told CNBC. “I just see more and more demand from the final users … What seems near the infinite demand for technology.”

NVIDIA is certifying the arrows alongside its chips, including the new Vera Rubin accelerators that aim to operate the next wave of artificial intelligence work. The Abiline facility is rented by Oracle.

“People like Oracle put their public budgets to create the amazing data centers that he sees behind,” Sarah Frayar said in an interview on the site.

She explained that Openai will pay operating expenses for data centers online, while NVIDIA investments operate the project.

“But it is important, they will receive their salaries for all of these chips where these chips are published,” Frear said, referring to the arrangement with NVIDIA.

The monk, who previously helped roadblock The public is like the financial manager and then directed NextDoor To the public market as an executive head, he referred to the balance of balance expenditures, debt and operating expenses. She said that the facilities now aim to bring the new online capacity next year.

“But it is about what is being built for the year 2027, 2028 and 2029,” she said. “What we see today is a huge arithmetic crisis. There is not enough account to do all the things that Amnesty International can do, and thus we need to start – and we need to do this as a complete ecosystem.”

For the long -term Openai relationship with Microsoft, “it is a major partner,” said Friar, adding that the company will remain a major resource for account capacity.

She hinted that more developments are on the way with Microsoft, and that she is “pleased because we are in our place, but we are not completely ready to announce everything yet.”

In the current role of Friar, the numbers are much larger than ever in the two companies that they published in public. In the end, Openai Investors will expect returns for their huge investments, but Altman said the issue of public subscription is “complicated.”

“I assume that one day we will be a public company,” CNBC told CNBC. “I have mixed feelings on this topic … at the present time, we are definitely able to collect a lot of capital in private markets.”

He said that the public can make long -term investments more difficult, given the need to meet Wall Street on a quarterly basis. He said he would open access to a broader base of investors.

“I think the world should, if people want to own shares in Openai. I think this is great, and I want to happen.”

In the near term, the story is about billions of dollars in plowing in chips and data centers in places such as Abelene, and at the end in New Mexico, Ouhayu and other places.

But Openai is not only about infrastructure. In May, the company released the amazing advertisement he had acquired The start of Jony Ive Nascent devices for about $ 6.4 billion. The iPhone designer and the rest of the most popular Apple products were not accidentally accidentally.

While in Texas, Altman alluded to devices that can reshape how people use computers in their daily lives.

Openai CEO has not really been able to “understand and think”, and this penetration creates an opportunity to create a completely new way to use it.

He warned that it would take some time before Openai has anything ready to ship. He said that even when it reaches there, the company plans to issue a “small family of devices”. But the capabilities, as Al -Taman said, “is a big thing” and deserves to be followed up.

He watches: Openai CFO: You need partners like Oracle and Microsoft to meet the request