On October 27, as reported by the Financial Times, OpenAI's CEO, Sam Altman, along with his inner circle of key executives, orchestrated a series of groundbreaking deals that collectively amount to an astonishing $1.5 trillion, with scant participation from external advisors. These agreements have firmly linked OpenAI with global tech behemoths such as Nvidia, Oracle, AMD, and Broadcom.
Altman took the lead in personally negotiating with these companies, clinching multi-year contracts for the supply of chips and computing infrastructure. He leaned on a core team comprising President Greg Brockman, CFO Sarah Friar, and Head of Infrastructure Financing Peter Herschel.
These deals adhere to the collaboration model that OpenAI had previously established with CoreWeave, with the majority of the initiatives being put forth by the chip companies themselves. For instance, Nvidia sealed a $100 billion investment deal with OpenAI, under which OpenAI has pledged to purchase chips worth $350 billion.
AMD provided OpenAI with warrants, enabling it to acquire company shares at a bargain price, in return for OpenAI's commitment to buy 6 gigawatts of AMD chips. Moreover, OpenAI entered into a five-year, $300 billion cooperation pact with Oracle.
