Hua Er Jie Jian Wen·2025-10-27 09:49Core Insights - OpenAI's CEO Sam Altman and his core executive team have led a significant chip supply deal valued at $1.5 trillion, bypassing external advisors to expedite the process [1][2] - The urgency of the AI arms race has overshadowed traditional business prudence, with OpenAI prioritizing chip acquisition over financial and legal details [2] Group 1: Transaction Leadership - Altman envisioned the partnerships, while CFO Sarah Friar and President Greg Brockman executed the structural design and governance arrangements [3] - Brockman, a founding member since 2015, and Friar, who joined from Nextdoor, played crucial roles in ensuring financing support for these transactions [3] - Hoeschele leads a small team focused on enhancing computational supply to meet Altman's ambitious goal of 1 gigawatt per week [4] Group 2: CoreWeave Model - OpenAI's recent negotiations stem from a $11.9 billion agreement with CoreWeave, which has since expanded to over $22 billion, reflecting a significant increase in CoreWeave's stock price [5] - Subsequent deals often initiated by chip companies seeking collaboration highlight the trust established between Altman and his counterparts [5] Group 3: Direct Engagement with Chip Giants - OpenAI and Nvidia reached a deal without external advice, with Nvidia agreeing to invest up to $100 billion in exchange for OpenAI's commitment to spend up to $350 billion on chips [6] - The agreement with AMD followed years of discussions, resulting in AMD granting OpenAI warrants to purchase up to 10% of its shares at a nominal price [6] - OpenAI's $300 billion partnership with Oracle originated from a chance opportunity when a data center site became available [7] Group 4: Expansion of Advisory Team - Altman has expanded his advisory team by hiring Mike Liberatore, former CFO of xAI, to lead financing efforts for AI infrastructure [8]