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This partnership, I mean, this is, you know, monumental in size.
That is the CEO of NVIDIA, Jensen Wong. His company makes advanced computer chips. And he went on CNBC to talk about NVIDIA's plans to invest up to $100 billion in open AI. That's the creator of ChatGPT.
There's no question that AI is transformational for every industry, but the important thing is the AI infrastructure will be everywhere and will power computing experiences for everyone every day.
A hundred billion dollars is a whole lot of money, but... It's only one fraction of big tech's recent spending spree on artificial intelligence. In fact, the Financial Times reports that OpenAI has already announced about $1 trillion worth of deals with other companies this year alone. Right now, a lot of big names in tech are all in on AI.
The biggest impact that AI is going to have is it is going to affect every company in the world. It is going to make their quality go up and their productivity go up.
That's Amazon founder Jeff Bezos speaking at Italian Tech Week earlier this month, where he also said... The second thing that happens when people get very excited, as they are today about artificial intelligence, for example, is every experiment gets funded. Every company gets funded. The good ideas and the bad ideas. And investors have a hard time in the middle of this excitement process.
distinguishing between the good ideas and the bad ideas.
Bezos said that AI was in a, quote, industrial bubble. That right now, AI stock prices were, quote, disconnected from the fundamentals of their businesses. So how is it that AI could change the world and is also maybe in a bubble?
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