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How OpenAI Uses Complex and Circular Deals to Fuel Its Multibillion-Dollar Rise

How OpenAI Uses Complex and Circular Deals to Fuel Its Multibillion-Dollar Rise By Jacqueline Gu and Cade Metz, NY Times  Sam Altman, the chief executive of OpenAI, says that technological revolutions are driven by more than just technology. They are also driven, he argues, by new ways of paying for them. “There is always a lot of focus […] Source

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Sam Altman, Executive Director of OpenAI, says that technological revolutions are driven by more than technology. They are also driven, he argues, by new ways of paying for them. "There is always a lot of focus on technological innovation. What really drives progress is when people also discover how to innovate in the financial model," he said recently on the site of a data center that OpenAI is building in Abilene, Texas. In recent years, Altma…

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Phil's Stock World broke the news in on Friday, October 31, 2025.
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