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AI Billion-Dollar Baby Boom: Who's YOLOing on Compute Cash?

KEY POINTS

  • •On December 4, 2025, the DealBook Summit in Manhattan focused on artificial intelligence and its booming, risky investment landscape.
  • •Larry Fink of BlackRock confirmed massive compute demand with potential for big winners and headline-making failures in the AI arms race.
  • •CEO Dario Amodei criticized some competitors for ‘YOLOing’ on compute investment, hinting at former OpenAI boss Sam Altman’s 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 AI—because 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 ‘YOLOing’ on compute, slyly shading former OpenAI boss Sam Altman and his ‘code reds’ over a Google AI threat memo. Despite bubble fears, Fink insisted demand is rabid and lacking compute resources means the party’s just getting started. Taiwan, dominating chip production needed for AI—whose President called for global cooperation so AI doesn’t cause a calamity—also has serious skin in this insane game. Regulation talk mixed with existential dread: Don’t let Nvidia chips fall into ‘authoritarian’ hands, or we’ll be outsmarted ‘in every way.’ 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