A flurry of AI deals involving OpenAI, Nvidia, AMD, Oracle, Broadcom, and others is shaking up the tech industry. OpenAI signed a $100 billion deal with Nvidia and a multibillion-dollar deal with AMD for GPUs. They also partnered with Broadcom for custom chips, totaling 26 gigawatts of GPUs across agreements.

Oracle is also making moves, agreeing to purchase 50,000 AMD GPUs and $40 billion worth of Nvidia chips for OpenAI’s Stargate Project. Concerns about circular investing and an AI bubble are rising, but some experts believe the investments will pay off in the long run. The industry is awash in cash as companies invest in AI chips and capacity.

Read more at Yahoo Finance: Silicon Valley is plowing money into AI, and the latest deals are eye-watering