Just kidding, the reality is even worse.
A snippet from the Wall Street Journal's quite extensive October 20 article, "How Sam Altman Tied Tech’s Biggest Players to OpenAI":
....Nvidia ended up signing an agreement to lease up to 5 million of its chips to OpenAI, costing $350 billion by today’s standards. It also has the right to invest up to $100 billion to help the startup pay for the deal.
As part of the deal, Nvidia is also discussing guaranteeing some of the loans that OpenAI plans to take out to build its own data centers, people familiar with the matter said—a move that could saddle the chip giant with billions of dollars in debt obligations if the startup can’t pay for them. The arrangement hasn’t been previously reported....
....MUCH MORE
HT on story and inspiration for facetious headline, Barron's October 21:
Nvidia May Backstop OpenAI Debt, WSJ Reports. What It Means for the Stock
