Fuck AI

Its not 110 billion up front. Its setup to hit 110 billion in several stages if they hit certain metrics like AGI or going public.

The first stage is something like 35 billion based on reports. 15 billion from Amazon, then 10 billion each from Nvidia and Softbank. Looks like Microsoft sat this round out since they arent name checked:

All of this adds a little more anxiety to OpenAI's alleged $100 billion funding round which, as The Information reports, Amazon's alleged $50 billion investment will actually be $15 billion, with the next $35 billion contingent on AGI or an IPO:

Under the terms of the investment, which are still being negotiated, Amazon would initially invest $15 billion into OpenAI, these people said. The other $35 billion could hinge on OpenAI reaching AGI or going public, the people said. The proposed Amazon investment is part of OpenAI’s current funding round, which could top $100 billion at a valuation of $730 billion before the financing.

And that $30 billion from NVIDIA is shaping up to be a Klarna-esque three-installment payment plan:

In addition, SoftBank and Nvidia each plan to invest $30 billion in three installments through the year as part of the round, said the people. Microsoft had been expected to invest low billions of dollars, The Information previously reported, but it could invest a smaller amount or none at all, according to two of the people.

Still a fuckton, but as usual Altman is hyping something that hasent actually happened.