Seth Fiegerman

A little bit.

I mean, I think it's important to step back and remember when this deal was announced a few months back, it was a monumental moment for both companies, one that attested to the scope of the build-out that OpenAI had in mind and NVIDIA's role in that, and also a lot of the circular deals concerns.

To your point, there was a lot of daylight there.

They never set a firm timetable or a fixed amount, and so there was room to imagine that maybe it wouldn't be $100 billion, but now I think it's a question of just how far away is it from that, and again, over what timetable.

Yeah, I mean, it's unclear and it's a delicate balance here between these two companies.

Even if NVIDIA is maybe having those concerns that you laid out, opening eye is still very central both to a larger landscape and to NVIDIA's own deployment of chips.

It's clear that the relationship between these two firms has not broken down.

As Jensen said, will probably be the largest investment they've ever made and will probably be the largest funding round we've ever seen.

But it's possible there is some daylight there.

Yeah.

So, I mean, we've reported that up to $100 billion in this funding round, which, again, would be the largest that we've ever seen, trumping OpenAI's prior $40 billion funding rounds.

We've seen that Amazon, SoftBank, Nvidia, each willing to potentially commit billions or tens of billions of dollars to this round.

It does not currently feel like OpenAI is hurting for money in that one respect.

remains to be seen.

And then to your question, not just Nvidia, but certainly Amazon, Microsoft, like these are all, if not circular relationships, then continued examples of the companies using the suppliers to fund their ambitions.

This one feels very clearly following the OpenAI playbook that we've been seeing in recent weeks here.

Yes, I think Anthropic is taking money from Microsoft and NVIDIA.

Anthropic then plans to commit spending to Microsoft's platform using NVIDIA chips.

Kind of textbook here, and I think we'll add to some of the anxiety there, but it is on a bit of a smaller scale.

Also, our understanding at this point is that this financing is part of a larger investment round to be announced at some indeterminate time.