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submitted 1 day ago by QuentinCallaghan@sopuli.xyz to c/memes@sopuli.xyz

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[-] PumpkinSkink@lemmy.world 2 points 9 hours ago

I suspect the data centers in question here are the "Stargate" project, a "joint venture" between Open AI and softbank where the liquidity for Open AI's part of the investment appears to be money from Softbank that Softbank doesn't have on hand and only intends to give OpenAI if they convert to a for profit entity by the end of the year.

oh and they intend to let a crypto company who has never built a data center build it.

I wouldn't hold my breath on those data centers being built.

[-] mushroommunk@lemmy.today 2 points 8 hours ago

As far as I'm aware that was "only" 500 Billion with a 'B' in project Stargate, not the Trillions with a 'T' that Altman was talking about.

I do think it's all a shell game and a fragile house of cards of tech brohaha. Really hoping the "We're in a bubble" comment from him is the start of that house crumbling

this post was submitted on 22 Aug 2025

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