OpenAI, the developer of ChatGPT, has signed contracts worth an incredible $1 trillion through 2025. The deals are intended to provide the company with the computing resources it needs to develop and scale its AI models, the Financial Times reported, noting that such commitments far exceed the company’s current revenues and raise doubts about its ability to finance such large-scale projects.

OpenAI signed its latest contract with AMD this week, adding to existing deals with Nvidia, Oracle, and cloud services provider CoreWeave. The combined goal of these deals is to give the company access to more than 20 gigawatts of computing power over the next decade. For comparison, this corresponds to the energy potential of about 20 nuclear reactors.

OpenAI management estimates that each gigawatt of this capacity will cost about $50 billion, which creates a total commitment of $1 trillion. According to the Financial Times, up to $500 billion of this amount could be spent on deals with Nvidia, another $300 billion on AMD, $300 billion on Oracle, and more than $22 billion on CoreWeave.

In addition, in January, OpenAI, together with SoftBank, Oracle and a number of other partners, launched a large-scale Stargate initiative. Its goal is to invest up to $500 billion in the creation of new artificial intelligence infrastructure in the United States. Thus, OpenAI is trying to consolidate its status as a global leader in the field of AI, creating one of the most powerful computing ecosystems in the world.

However, experts point to significant financial risks. DA Davidson analyst Gil Luria said that OpenAI is actually unable to meet such large-scale financial obligations on its own, predicting losses of about $10 billion this year. Despite this, the company continues to actively invest in the creation of data centers, the purchase of chips and the hiring of highly qualified specialists.

The agreement with AMD provides that OpenAI will receive warrants to purchase up to 10% of the company's shares at a symbolic price if the project achieves certain goals. In parallel, Nvidia plans to invest $100 billion in the development of OpenAI over the next ten years, providing funds for the purchase of its own chips. These agreements have already had an impact on the market: Oracle's capitalization increased by $244 billion, and AMD - by $63 billion after the announcement of cooperation.

It is not yet clear whether OpenAI will directly purchase chips or use the cloud capabilities of partners. It is expected that the company will lease some of Nvidia's equipment, which will reduce initial costs. Despite all the risks, OpenAI continues to operate on an incredible scale, trying to build the foundation for a new era of artificial intelligence that could change both the technological landscape and the global economy.