OpenAI has signed countless billion-dollar agreements with other companies. We are discovering that they are made of paper

OpenAI has announced that will abandon development of Soraits AI video generator, just six months after the launch of its standalone app. Disney, which had announced a $1 billion investment in OpenAI in exchange for licensing its characters for Sora, has confirmed that the deal will not go ahead. The money never changed handsand joins others in recent weeks that send a worrying message. One that calls into question the real strength of the most valued company in the AI ​​sector. Paper agreements. In recent months, OpenAi has been the protagonist of a frenetic string of announcements that have shaken the stock markets and sent prices skyrocketing. Analysts like Ed Zitron have documented in detail how these agreements are for now more smoke than anything else: all of them were “letters of intent”, conditional commitments that now seem increasingly difficult to come true. There are examples everywhere. The NVIDIA case: the one hundred billion that did not exist. In September 2025 NVIDIA announced a “strategic partnership” with OpenAI to invest “up to 100 billion dollars” and build 10 GW of data centers. Four months later, the company led by Jensen Huang considerably reduced that investment to 30 billion dollars. Jensen Huang recently stated that this will “probably” be the last round he will enter into OpenAI and clarified that the statement made it clear that this was a “letter of intent”, not a contract. Months later in NVIDIA’s quarterly results, the agreement is described as “an opportunity to invest in OpenAI.” Not a single dollar has been sent to him, and it is not certain that he will. The AMD case: 34% rise in the stock market. In October, another mega-deal. amd announced a “definitive” agreement with openAI to deploy 6 GW of data centers. The company indicated that would potentially generate “tens of billions in revenue,” and AMD shares rose 34% in one day. Four months later, in quarterly results from the company, zero mentions of OpenIA. IN November 2025, in AMD’s 10-Q filing, AMD’s outstanding obligations on contracts with a duration greater than one year were 279 million dollars. There were practically no mentions of OpenAI. Many promises, no reality. The Broadcom case: a confusing order. Broadcom too was going to deploy 10 GW of “AI accelerators designed by OpenAI” at the end of 2029, but at the moment there is still no evidence that chip sales have occurred and there are no clues in OpenAI’s latest quarterly results, which do not mention this agreement anywhere or its impact. Broadcom CEO he did tell investors that they expected to deploy 1 GW of computing in the form of XPUs in 2027, but did not give details of how they planned to reach 10 GW in 2029. And also revealed that “we do not expect much in 2026” from the contract with OpenAI, because the return will focus on 2027, 2028 and 2029. The Disney case: a very bad sign. The agreement with Disney announced in Decemberincluded the company taking a $1 billion stake and will license more than 200 characters from Disney, Marvel, Pixar and Star Wars for use on Sora. It was the type of agreement that validates a company before the general public, especially since Disney does not sign agreements with just anyone. However, the agreement was entirely built on stock warrants, not cash, they point out in Deadline. By abandoning Sora, Disney has withdrawn without consequences and without having transferred a dollar. Another paper agreement. The SKHynix case: where are we going to get so much memory from?. SK Hynix and Samsung intended to provide 900,000 RAM wafers per month for OpenAI’s Stargate project, but the result of these intentions has been null. That agreement would have consumed 40% of world production of DRAM in the midst of the crisis of this type of components. The mysterious Norwegian data center case. OpenAI promised in July 2025 that would boost construction of an AI data center belonging to the Stargate project but which would be in Norway. It was then expected that this center would have 100,000 NVIDIA chips by the end of 2026, and that it would expand “significantly” from that figure. There has been no news of this development since then. Nobody asks questions. Zitron complained in your reflection how financial analysts seemed not to ask the necessary questions when faced with these announcements. He explains that OpenAI had committed about $300 billion in different agreements to create new data centers, but its real income is around $4.5 billion a year and it is expected that it will have losses of about $14 billion in 2026. Despite everything, Zitron criticizes, the stream of advertisements continues to work because it generates increases in the stock market and positive headlines. The difference between contracts and letters of intent was buried in the fine print of the advertisements that almost no one reads. And the examples continue. In fact, the advertisements do not stop coming despite everything and everyone. OpenAI announced in February an investment of 110 billion dollars by SoftBank (30 billion), NVIDIA (30 billion) and Amazon (50 billion). SoftBank itself is “testing its lending limits” with that bet, which we will see if he can complete. Amazon’s 50 billion are divided in two phases: a first of 15,000 million that should be executed on March 31, and another of 35,000 million dollars whose deadlines depend on several events. Too many agreements that must demonstrate something critical: that they are not made of paper. In Xataka | Problems are multiplying for OpenAI in the race for AI. Your solution: go from 4,500 to 8,000 workers

China has a gigantic desert in Tibet with countless hours of daylight. And he’s filling it with solar panels

A year ago we had in Xataka how a huge solar park in the Chinese province of Qinghai, in the heart of the Tibetan plateau, served as an ecological experiment: under the panels, the shade retained moisture and made vegetation sprout in the middle of the desert. Today, that same place – the Talatan Solar Park – has become something much greater. It is the largest clean energy facility on the planet, a “blue sea” of silicon that already covers more than 600 square kilometers at three thousand meters above sea level. Where before there was nothing, China is lifting an energy ecosystem without comparison in the rest of the world. The scale has multiplied. Where last year there was talk of a 1 gigawatt solar park, today a complex extends that reaches 15,600 and 16,900 megawatts and continues to expand. Its area – between 420 and 610 square kilometers – is seven times that of Manhattan. Furthermore, it is not alone since 4,700 megawatts of wind energy and 7,380 megawatts of hydroelectric dams are deployed around it, completing an unprecedented hybrid system. The result: enough renewable energy to supply almost all of the plateau’s needs, including the data centers that power China’s artificial intelligence. According to CleanTechnicaevery three weeks China installs as many solar panels as the entire capacity of the Three Gorges Dam, the largest hydroelectric project in its history. A global clean energy laboratory. The Tibetan plateau, with its pure, cold air, has become the most ambitious energy laboratory in the world. There, China is experimenting with an electricity production model based exclusively on renewables. Electricity generated in Qinghai—40% cheaper than coal, according to the NYT— powers high-speed trains, factories, electric cars and data centers. In fact, the region is home to new computing centers dedicated to artificial intelligence, which consume less energy thanks to the altitude and low temperatures. “Hot air from servers is used to heat other buildings, replacing coal-fired boilers,” explained Zhang Jingang, vice provincial governor. In the words of Professor Ningrong Liu, in his column for the South China Morning Post: “China is not only leading the transition to green energy; it is building the 21st century energy scaffolding that sustains its industrial leadership in electric vehicles, batteries and solar technology.” Three sources that beat in unison. The magnitude of the project is only possible thanks to centralized planning that combines three main sources: solar, wind and hydroelectric energy. During the day, Talatan panels capture more intense solar radiation than at sea level; At night, thousands of wind turbines collect the cold breezes that sweep across the plains. When both systems fluctuate, hydroelectric dams balance the grid. Also, from the New York Times They described a system reversible pumping: excess solar energy during the day is used to raise water to reservoirs located in nearby mountains, which release that water at night to generate electricity. And under the panels, life returns. The shade of the plates reduces evaporation and soil erosion. According to China Dailythis year the vegetation has recovered up to 80% and 173 villages have benefited from the associated livestock farming. A local shepherd, Zhao Guofu, said: “My flock has grown to 800 sheep and my income has doubled since I grazed between the panels.” The perfect geography for the sun. No other country has taken solar generation to similar altitudes. The altitude plays in favor of physics, at 3,000 meters the air contains fewer particles that block light and the low temperatures reduce the thermal loss of the panels. This efficiency is multiplied in Qinghai, one of the few areas of the Tibetan plateau with large plains, where it is possible to build without the limits of the mountainous relief. The Talatan Desert, once an arid and worthless land, has become an energetic jewel. local authorities offer symbolic leases and have developed roads and high-voltage lines connecting the plateau with the industrial centers to the east. That energy travels more than 1,600 kilometers to factories and cities. According to CleanTechnicaChina already operates 41 ultra-high voltage transmission lines, some longer than 2,000 miles and up to 1.1 million volts. The global scale: no one comes close. Other countries have tried to generate clean energy at altitude, but with modest results. Switzerland, for example, inaugurated a small solar park in the Alps, at 1,800 meters, with barely 0.5 MW. For its part, in the Chilean Atacama Desert, a 480 MW project operates at 1,200 meters. By way of comparison, the Talatan complex multiplies the capacity of the Bhadla Solar Park in India, and for more than seven that of the Al Dhafra Solar Park in the United Arab Emirates, which until recently held records. The superpower of clean energy. China produces and consumes more renewable energy than any other country on the planet. In 2024, was responsible of 61% of new solar installations and 70% of global wind power. That same year, it achieved the capacity targets it had set for 2030. In the first six months of 2025added 212 GW solar and 51 GW wind, and the country’s carbon emissions fell for the first time. In this context, Talatan Park is both a symbol and an infrastructure. China is exporting its renewable technology around the world, from Asia to Africa, following the logic of Belt and Road Initiative. For the academic Ningrong Liu: “China wants to stop being the world’s factory to become the engine of the world’s factory.” It is not just about manufacturing panels, but about selling the complete model: engineering, financing and know-how to build green networks in other countries. The less visible side of the miracle. It’s not all clean energy and pastoral harmony. In its report, The New York Times recalled that access to Tibet remains strictly controlled by the Communist Party, and that Western media were only allowed to visit Qinghai on a government-organized tour. There are also human and environmental costs. CleanTechnica documents how the giant power lines that transport energy from west … Read more

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