Syz the moment

Current and former OpenAI employees sold ~$6.6bn of stock to investors at a $500bn valuation, boosting the US company’s price tag well past its previous $300bn level. Source: HolgerZ, Bloomberg

Source: Blackstone

Since ChatGPT’s launch in Nov 2022, AI-related stocks have delivered 181% gains in key names, while the rest of the S&P 500 has managed just 25%. More importantly, AI has powered 75% of total index returns, nearly 80% of earnings growth, and an incredible 90% of all capex growth. Without AI, the S&P’s rally would look far more modest. Source: StockMarket.news, JPAM

OpenAI and Oracle are bringing online the flagship site of the $500 billion Stargate program, a sweeping infrastructure push to secure the compute needed to power the future of artificial intelligence. The debut site in Abilene, Texas, about 180 miles west of Dallas, is up and running, filled with Oracle Cloud infrastructure and racks of Nvidia chips. The data center, which is being leased by Oracle, is one of the most notable physical landmarks to emerge from an unprecedented boom in demand for infrastructure to power AI. Over $2 trillion in AI infrastructure has been planned around the world, according to an HSBC estimate this week. Source: CNBC

OpenAI can then buy chips from Nvidia. And rent capacity from cloud providers who buy chips from Nvidia? Sounds a bit like the new circular AI economy... Source: Wasteland Capital

Note how Silver has been moving in sync with Global X Artificial Intelligence ETF $AIQ... Source: The Market Ear

Source: Trend Spider

Findings, summarized in visualization by MadeVisualDaily, shows ChatGPT’s core appeal is utility: helping users solve real-world problems, write better, and find information fast. Source: @VisualCap, Liz Ann Sonders @LizAnnSonders