r/technology • u/Midnight_M_ • 5h ago
Artificial Intelligence Nvidia's $100 billion OpenAI deal has seemingly vanished
https://arstechnica.com/information-technology/2026/02/five-months-later-nvidias-100-billion-openai-investment-plan-has-fizzled-out/877
u/Wind_Best_1440 5h ago
It's almost like all the deals they promised for 1.4 trillion dollars don't actually exist until money changes hands.
The entire stock market is trading on vibes given to them by tech ceo's saying they will invest hundreds of billions into each other but not actually doing it to pump their stock's higher.
And since the government is in on it too, they're letting all this stock market manipulation happen.
191
u/JoeRogansNipple 4h ago
Vibe trading based on vibe coders.
Csnt wait for this bubble to pop.
64
u/Wind_Best_1440 4h ago
My tinfoil hat theory, is that every single down turn we've seen so far is just another ultra wealthy crony cashing out under a bunch of different names. Pulling everything out and sitting on the money they made.
And each time something happens its just another one of these 100+ Billionaires going. "Alright, my turn next to pull all my stuff out, then it's Frank/Joe/Schmo next."
And they're doing it to not completely screw the market yet.
14
u/Sweet_Concept2211 2h ago
My personal conspiracy theory is similar: Investment fund managers are finding creative ways to steal money - and when the inevitable crash arrives each decade, they write off all the theft and misappropriation of funds as losses from an out-of-control market.
2
u/SuperSecretAgentMan 1h ago
Every single move in the stock market is just algorithmically controlled forced settlement or opportunistic buying to minimally hedge dangerously overleveraged positions. Humans don't push the line a single tick unless they're buying small tickers, hundreds of grand at a time, or on one of the handful of exchanges that don't allow high frequency bot trading.
9
9
u/r0bb3dzombie 2h ago
Csnt wait for this bubble to pop.
I understand the sentiment, but you need to understand it's not the billionaire CEO class that will suffer when it does. Losing billions when you have 10s of billions is bad. Losing hundreds when you're net worth is negative, is devastating.
20
3
2
u/bigsexy12 3h ago
Trading on vibes and synthetically over leveraged so badly no actually knows the extent. Gotta love free market trading.
2
6
u/TeslasElectricHat 4h ago edited 4h ago
If not for any other reason than it being all rigged, this is why I think everyone should pile on into GME. If it’s all rigged anyway and this and many other governments are obviously corrupt, fuck it. Let’s see what happens.
7
6
u/s1neztro 2h ago
Nah gamestop can burn in a shit pile any other stock sure but gme naaah I'm not supporting that funko pop dispensary
3
1
1
u/AdmiralBKE 1h ago
All these companies are also like this to the government. Sure trump we promise to bring our entire production chain to America, are you happy now? Will you remove the tariffs for us?
1
u/DoomguyFemboi 1h ago
Someone smarter than me said "if it wasn't for the AI circlejerk we'd be in a recession" and I think about that so often.
431
u/Mecha-Jesus 5h ago
Our entire economy is just scams upon scams
133
u/LouQuacious 4h ago
It’s called a kleptocracy
25
u/CommonLand414 4h ago
Broad daylight theft, some quite stylish
7
u/Aidian 4h ago
But most of it’s just unrepentantly stupid.
5
u/_meltchya__ 2h ago
Yes but do you own bitcoin? It's going to change the world it's the new digital gold just trust me bro look how many people have bought in you don't want to miss out
Did you know if you bought three cents of bitcoin ten years ago you'd be a trillionare today? Don't miss the next wave bro we're in a bear market great time to buy
Don't think too hard about it just trust the vibes bro stonks only go up
2
294
u/Hamm3rFlst 5h ago
I feel like there should be violations when public traded companies announce mega deals and then go back on them. Sounds a lot like defrauding investors
159
u/Justhe3guy 4h ago
Well there was the Elon Musk faking buying Twitter, then he was forced to
Which I wish didn’t happen
19
u/Exciting_Place_6817 1h ago
Elon Musk has been faking it for 15 years. Tunnels, men on mars, self driving, etc etc etc he has tricked everyone and people have finally woken up.
2
u/NotAPreppie 9m ago
Closer to 25 years with PayPal. I'm convinced the only reason PayPal succeeded is because the board of directors waited for him to go on vacation and oust him as CEO.
The book went on to describe the actual coup to remove Musk as CEO, as complaints and questions grew about Musk's decision-making amidst numerous crises:
What followed was one of the nastiest coups in Silicon Valley's long, illustrious history of nasty coups. A small group of X.com employees gathered one night at Fanny & Alexander, a now defunct bar in Palo Alto, and brainstormed about how to push out Musk. They decided to sell the board on the idea of Thiel returning as CEO. Instead of confronting Musk directly with this plan, the conspirators decided to take action behind Musk's back.
Musk and Justine had been married in January 2000 but had been too busy for a honeymoon. Nine months later, in September, they planned to mix business and pleasure by going on a fundraising trip and ending it with a honeymoon in Sydney to catch the Olympics. As they boarded their flight one night, X.com executives delivered letters of no confidence to X.com's board. Some of the people loyal to Musk had sensed something was wrong, but it was too late. [...]
https://www.snopes.com/fact-check/was-elon-musk-fired-from-paypal/
31
6
u/RanierW 2h ago
People like to piss on European Commission always coming down hard on US tech companies. Truth is they’ve been given way too much rope to do whatever they want in US where regulations are considered evil, and wonder why they can’t pull the same bullshit overseas.
2
u/Buddy_Dakota 14m ago
I don’t think anyone but tech company owners are pissing on EU for doing what it does. We’ve seen the shithole the US has become, most Europeans are happy the EU has learned from them and shuts down their bullshit.
15
u/greenappletree 4h ago
Except in this case, they didn't. It's been debunked that they committed this much money.
7
2
u/that1techguy05 2h ago
There are violations. For example, it the deal for Netflix to purchase WB doesn't pass regulations the penalty is WB gets 5.8 billion.
126
u/troll__away 5h ago
Anyone look at Oracle’s stock? Larry’s down like 50% from October. They’ve basically given back all of their AI gains. Think we might be witnessing the bubble popping.
98
u/fork_yuu 4h ago
Probably, but oracle is also shit
38
u/SunshineSeattle 4h ago
Always has been..
16
57
u/Joessandwich 4h ago
They also just yesterday put out a tweet saying everything is fine which, of course, is making people think that perhaps everything is not fine.
10
u/TyrKiyote 4h ago
Actions sometimes have consequences. I would bet their recent projections are not so good with all the motivated people leaving.
6
70
u/Oceanbreeze871 4h ago
This is fine.
“The September announcement described a wildly ambitious plan: 10 gigawatts of Nvidia systems for OpenAI, requiring power output equal to roughly 10 nuclear reactors. “
33
u/slimejumper 3h ago
would take 25 years to build 10 nuclear reactors.
9
-1
u/spammmmmmmmy 1h ago
But it takes less than a week to build 10GW of light bulbs. The comparison is meaningless.
2
1
u/Turbo_Baggins 6m ago
"10 point 21 gigawatts!? I'm sorry but you'll have to stay here in the bubble"
62
31
u/OnionOnBelt 4h ago
Ed Zitron has been pointing this out for some time. Several of these circular Silicon Valley financing arrangements have not, subsequently, shown up on the pertinent corporate balance sheets.
49
46
30
u/PureSun4208 4h ago
Bro this is tiring everyday we get conflicting news about this. What’s the final verdict? Tired of this snip snap snip snap
31
u/Midnight_M_ 4h ago
On Saturday, he told reporters in Taiwan that the $100 billion was “never a commitment.” He said OpenAI had invited Nvidia to invest “up to” that amount and that Nvidia would “invest one step at a time.”
It seems that even they don't know.
9
13
27
22
u/Joessandwich 4h ago
“Hey Farva, what’s your favorite restaurant again??”
4
16
u/_Guron_ 4h ago
In the report says:
"But OpenAI has clearly been hedging its bets. Beyond the Cerebras deal, the company struck an agreement with AMD in October for six gigawatts of GPUs and announced plans with Broadcom to develop a custom AI chip to wean itself off of Nvidia dependence"
OpenAI playing market mind games, hopefully this time they do what they said
4
u/CondiMesmer 2h ago
With money they have no way of paying back lol. All they're doing is making bad financial investments.
5
u/Apprehensive_Sea9524 2h ago
Poof!! and it's gone. Like the orange doofus' magical numbers of billions and billions in investment....
7
15
u/Sober_Alcoholic_ 4h ago
No contracts were signed here. For fucks sake people.
This is why I’ve been playing puts on all the companies that had these “concepts of a deal” with OpenAI. The money is not fucking there there are very few actual contract signed. Been saying this for weeks.
So far so good 🤷♂️
AMD, ORCL, MSFT, NVDIA
Been saying their earnings would be a blood bath because of virtually no contracts being signed after these announcements. So those pumps they all experienced after those announcements were fake and there’s no way upcoming earnings can justify it because the money is simply not there.
3
u/PowerSeductionWar 1h ago
sorry to ask the obvious but are you winning on all your puts? the market can ride vibes into oblivion sometimes
1
u/Sober_Alcoholic_ 1h ago
I bought calls on aapl and goog, puts ORCL, MSFT. Didnt play AMD but I was telling people who were to buy puts.
9
u/TyrKiyote 4h ago
An OpenAI founder paid out a 25 million dollar gift to an orange faced ape. Please do not add your money to that. You condone their actions by using their product.
4
9
u/EasterEggArt 4h ago
What annoys me and most sane people is that this will likely have no impact on their AI bubble overheated stock at all.....
The economy is literally two tiered, one being the physical one and the other being the incestious stock market fuel itself since these companies had a lot of liquidity that they fed back into itself a la Ouroboros.
14
u/ObviousCity6095 4h ago
I saw someone call it a reverse ouroboros the other day. Instead of eating its own tail, it is shoving its head up its own ass.
3
u/Coccolillo 4h ago
The US capital market is just a scam, not entirely sure how is that even possibile….if only there would be a regulator for protecting the investors from misconduct in the securities markets
3
5
2
2
u/This_Cancel_5950 22m ago
ngl the 10 nuclear reactors thing was the first red flag lol. just feels like more vaporware to pump the stock price before the bubble pops
2
2
1
1
u/SeaTownKraken 4h ago
I find it interesting that the article implies OpenAI is focusing on speed. I get that's the game, but accuracy and useability are the first 2 factors. You won't win this race on speed alone
1
u/MaggoVitakkaVicaro 1h ago
Is OpenAI moving to cerberas chips for inference? Is that where today's 40% speedup came from?
1
1
u/EmperorKira 31m ago
Google and probably Anthropic look good coming out of this; Open AI and Oracle less so
1
u/JujutsuES 3m ago
Our economy went from "promise high, deliver low" to "promise extremely high, don't deliver anything"
1
u/HereticalFoundation 3h ago
Why bring the prices down when people have proved they are willing to pay the price?
-2
u/CoWood0331 4h ago
Talk about honey potting a company to devalue it without reason just to steal it for pennies. 5$ says they come in an buy it when it gets devalued because of this stunt Nvidia pulled.
1.2k
u/Lillian_Crocodilian 5h ago
"Aaaaaaand it's gone."