In an episode of the Bg2 Pod that was posted on Friday, host Brad Gerstner, who is also the founder of Altimeter Capital, asked how the company could make financial commitments totaling $1.4 trillion when annual revenue is reportedly $13 billion.
“We’re doing well more revenue than that,” Altman replied.
OpenAI has announced massive AI infrastructure deals in recent weeks with companies like Nvidia, Broadcom and Oracle. That’s as other so-called AI hyperscalers like Amazon, Alphabet, Meta, and top OpenAI investor Microsoft are collectively totaling hundreds of billions of dollars a year in capital expenditures.
These stories are just giving me the heebie jeebies. I see Altman making these bold public statements, and it sounds eerily similar to Adam Neumann and Elizabeth Holmes, and it’s important to note that private companies don’t have to publicly report their losses, so I guess we’re just expected to take Altman at his word.