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AI gold rush bubble

Many experts are not convinced about AI’s stability. Warnings about an AI bubble have come from the Bank of England, IMF, and JPMorgan’s Jamie Dimon.OpenAI is involved in complex multi-billion-dollar deals. Last month, OpenAI made a $100bn deal with Nvidia to build AI data centres with Nvidia chips. OpenAI also announced plans to buy billions of dollars of equipment from AMD, potentially making OpenAI one of AMD’s largest shareholders. Microsoft and Oracle also have massive deals with OpenAI. Oracle alone has a $300bn deal. Experts in Silicon Valley say these complex financing deals may confuse people about real AI demand. Is AI a bubble waiting to crash ?

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