Submission + - 'Circular' mega-deals by Bay Area tech giants are raising eyebrows (sfgate.com)
Here’s one indicatively tangled pathway through the morass of companies. Nvidia is investing billions in and selling chips to OpenAI, which is also buying chips from and earning stock in AMD. AMD sells processors to Oracle, which is building data centers with OpenAI — which also gets data center work from CoreWeave. And that company is partially owned by, yes, Nvidia. Taken together, it’s a doozy. There are other collaborations and rivalries and many other factors at play, but OpenAI is the many-tentacled octopus in the middle, spinning its achievement of ChatGPT into a blitz of speculative investments.