AI Billion-Dollar Baby Boom: Who's YOLOing on Compute Cash?
KEY POINTS
- â˘On December 4, 2025, the DealBook Summit in Manhattan focused on artificial intelligence and its booming, risky investment landscape.
- â˘Larry Fink of BlackRock confirmed massive compute demand with potential for big winners and headline-making failures in the AI arms race.
- â˘CEO Dario Amodei criticized some competitors for âYOLOingâ on compute investment, hinting at former OpenAI boss Sam Altmanâs recent panic about Google.
On December 4, 2025, Manhattan hosted the New York Times DealBook Summit where titans like BlackRock's Larry Fink and Taiwan's President Lai Ching-te gathered to discuss AIâbecause if you haven't talked about AI in 3 years post-ChatGPT, are you even trying? Tech giants Meta, Alphabet, and Microsoft casually threw tens of billions into AI infrastructure capital expenditures, fueling 49 US startups that each raised at least $100 million this year. Anthropic CEO Dario Amodei confessed some players are âYOLOingâ on compute, slyly shading former OpenAI boss Sam Altman and his âcode redsâ over a Google AI threat memo. Despite bubble fears, Fink insisted demand is rabid and lacking compute resources means the partyâs just getting started. Taiwan, dominating chip production needed for AIâwhose President called for global cooperation so AI doesnât cause a calamityâalso has serious skin in this insane game. Regulation talk mixed with existential dread: Donât let Nvidia chips fall into âauthoritarianâ hands, or weâll be outsmarted âin every way.â Meanwhile, everyone collectively hopes the inevitable AI casualties don't burn down the whole house.
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Source: Businessinsider | Published: 12/3/2025 | Author: Madeline Berg