US banks are refusing to lend due to existing OpenAI commitments

Claims a clear correlation between aggressive data center ramp-up and rising revenue

Merge Labs emerged from stealth last week following a $252 million seed round

As ChatGPT continues to expand its chip portfolio

Cites recent reports of data center delays

OpenAI, SoftBank commit $1 billion into the firm

Stargate is an expensive business

Would see OpenAI also using AWS' custom AI chips

Was tied to 10GW data center commitment

Time for Sam Altman to look down the back of the sofa

Nidhi Chappell led the company's OpenAI data center buildout

Ups investment even as it hopes to undercut OpenAI on costs

As the company sells its entire Nvidia stake

Offloaded shares to finance its OpenAI investments

Renting clouds to sell clouds

Deal to run for seven years, and will likely see AWS build additional infrastructure to meet startup’s capacity demands

Will be split between data centers in Texas and Wisconsin

Analysts split on whether the drop in AI profits is cause for concern

Company secures more funds for Abilene site hosting OpenAI

Deal will also allow OpenAI to take a ten percent stake in the chipmaker

Becomes world's most valuable startup, overtaking SpaceX

Chipmakers say Stargate will ultimately require 900,000 DRAM chips a month

Analyst predicts Big Red will need a loan of $25bn per year to support the partnership

Mad about ex-xAIs