Even if they are double-ordering (just to assure their place in the queue) that's still a lot of chips.
From Tom's Hardware, May 24:
During a gold rush, sell shovels.
Oracle has reportedly purchased about 400,000 Nvidia GB200 AI chips, worth about $40 billion, for deployment in Abilene, Texas. According to the Financial Times, this site will be the first to host the U.S. Stargate project —a $500 billion investment in AI infrastructure by OpenAI, Oracle, SoftBank, and Abu Dhabi sovereign wealth fund MGX that President Trump announced earlier this year.
Upon completion, the site is estimated to deliver up to 1.2 gigawatts of computing power, making it one of the most powerful data centers in the world and competing against Elon Musk’s Colossus in Memphis, Tennessee.
The project’s ownership is a bit complicated, though. The Abilene site is owned by Cruso, an AI infrastructure company, and Blue Owl Capital, a U.S. investment firm. Both have poured over $15 billion into the site through debt and equity financing.
The AI data center campus is approximately 875 acres and will have eight buildings. Construction began in June last year. Oracle will lease the Abilene site for 15 years, where it will deploy these AI chips. It will then lease this massive computing power to OpenAI, allowing it to use the AI chips to train its next-generation AI LLMs....
In September 16's "Elon Musk and Larry Ellison begged Nvidia CEO Jensen Huang for AI GPUs at dinner" I forgot to mention the combined net worth at that table was over a half-trillion dollars, Larry Ellison had briefly popped into the #2 spot trailing Musk at #1 before falling back to fourth or fifth.
From October 5, 2024's "AI versus the climate as data center emissions soar":
...The AI business has a lot of money, OpenAI just raised $6 billion at a $157 billion valuation, or my favorite recent example, the three centi-billionaires Jensen Huang (NVDA), Elon Musk (TSLA+++) and Larry Ellison (ORCL) having dinner at Nobu, Palo Alto, combined net worth at the table $550 billion, with Musk and Ellison begging Huang to get them more chips:
“Please take our money. By the way, I got dinner. No, no, take more of it.
We need you to take more of our money please.”
—Ellison on the table-talk
