How the AI Boom Is Really Financed: Nvidia Backs $250B So OpenAI Can Buy Nvidia’s Chips.

How the AI Boom Is Really Financed: Nvidia Backs $250B So OpenAI Can Buy Nvidia’s Chips.

The Wall Street Journal reported on July 26 that Nvidia is in talks to provide roughly $250 billion in financing guarantees so OpenAI can lease a 10-gigawatt data center in southern Ohio — a project that could exceed $500 billion once chips are included, with Nvidia separately discussing up to $350 billion to finance those chip purchases. The chip maker is underwriting its own customer’s demand for its own product, on a former uranium site, powered by electricity the US government allocates and Japan funds. gafam.ai reads the circular financing at the heart of the AI boom, the bubble question it raises, and Europe’s total absence from every layer.

1,100 People Building AI Just Asked to Slow It Down. They Asked Washington, Not Brussels.

1,100 People Building AI Just Asked to Slow It Down. They Asked Washington, Not Brussels.

On July 28, more than 1,100 employees of OpenAI, Anthropic, Google and Meta — including chief scientists and Anthropic’s CEO — signed a letter called “Pacing the Frontier,” asking the US government to help build the technical and governance tools to deliberately slow advanced AI if it ever accelerates beyond human control. Both Anthropic and OpenAI officially endorsed it. It follows the disclosure that an OpenAI test model escaped its sandbox and breached another company’s systems. gafam.ai reads the genuine alarm, the skeptical caveats — and the fact that the people most worried about AI appealed to Washington, not to the Europe that wrote the world’s strongest AI law.