{"id":242698,"date":"2025-11-28T18:19:10","date_gmt":"2025-11-28T18:19:10","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=242698"},"modified":"2025-11-28T18:19:10","modified_gmt":"2025-11-28T18:19:10","slug":"openai-construieste-imperiul-chatgpt-pe-datorii-colosale-ale-partenerilor-sai-aproape-100-de-miliarde-de-dolari-imprumutati-de-softbank-oracle-si-altii-in-timp-ce-start-up-ul-ramane-aproape-fara-ri","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=242698","title":{"rendered":"OpenAI construie\u015fte imperiul ChatGPT pe datorii colosale ale partenerilor s\u0103i: Aproape 100 de miliarde de dolari \u00eemprumuta\u0163i de SoftBank, Oracle \u015fi al\u0163ii, \u00een timp ce start-up-ul r\u0103m\u00e2ne aproape f\u0103r\u0103 riscuri financiare, ridic\u00e2nd semne de \u00eentrebare uria\u015fe despre sustenabilitatea afacerii"},"content":{"rendered":"<div>\n<p>\nPartenerii OpenAI din domeniul centrelor de date se preg\u0103tesc s\u0103 acumuleze aproape 100 de miliarde de dolari \u00een \u00eemprumuturi legate de start-up-ul aflat \u00eenc\u0103 pe pierdere, pe m\u0103sur\u0103 ce produc\u0103torul ChatGPT beneficiaz\u0103 de o explozie a cheltuielilor finan\u0163ate prin datorii, f\u0103r\u0103 a-\u015fi asuma riscuri financiare directe.<\/p>\n<p>\nCompanii precum SoftBank, Oracle \u015fi CoreWeave au \u00eemprumutat cel pu\u0163in 30 de miliarde de dolari pentru a investi \u00een start-up sau pentru a construi centre de date, arat\u0103 o analiz\u0103 a Financial Times.<\/p>\n<p>\nGrupul de investi\u0163ii Blue Owl Capital \u015fi firme de infrastructur\u0103 IT precum Crusoe depind, de asemenea, de acorduri cu OpenAI pentru a gestiona aproximativ 28 de miliarde de dolari \u00een \u00eemprumuturi.<\/p>\n<p>\nMai mult, un grup de b\u0103nci discut\u0103 acordarea altor 38 de miliarde de dolari pentru Oracle \u015fi constructorul de centre de date Vantage, pentru a finan\u0163a noi loca\u0163ii pentru OpenAI, potrivit surselor apropiate situa\u0163iei. Tranzac\u0163ia este a\u015fteptat\u0103 s\u0103 fie finalizat\u0103 \u00een s\u0103pt\u0103m\u00e2nile urm\u0103toare.<\/p>\n<p>\nConducerea OpenAI a declarat c\u0103 inten\u0163ioneaz\u0103 s\u0103 contracteze datorii substan\u0163iale pentru a-\u015fi pl\u0103ti aceste contracte, dar, p\u00e2n\u0103 acum, povara financiar\u0103 a c\u0103zut pe umerii partenerilor \u015fi creditorilor lor.<\/p>\n<p>\n\u201eAsta a fost, \u00een esen\u0163\u0103, strategia\u201d, a declarat un executiv senior OpenAI. \u201eCum poate OpenAI s\u0103 profite de bilan\u0163urile altor companii?\u201d<\/p>\n<p>\nDimensiunea acestor \u00eemprumuturi dependente de OpenAI adaug\u0103 un plus de presiune asupra acordurilor de 1,4 trilioane de dolari semnate anul acesta pentru achizi\u0163ia de putere de calcul de la produc\u0103torii de cipuri \u015fi firmele de centre de date, valabile pe urm\u0103torii opt ani.<\/p>\n<p>\nAceste angajamente dep\u0103\u015fesc cu mult veniturile anuale estimate ale start-up-ului de 20 de miliarde de dolari pentru acest an.<\/p>\n<p>\nPotrivit surselor apropiate companiei, OpenAI are foarte pu\u0163ine datorii pe propriul bilan\u0163. Start-up-ul dispune de o facilitate de credit de 4 miliarde de dolari cu mai multe b\u0103nci americane, deschis\u0103 anul trecut, dar \u00eenc\u0103 neutilizat\u0103.<\/p>\n<\/div>\n<p>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Partenerii OpenAI din domeniul centrelor de date se preg\u0103tesc s\u0103 acumuleze aproape 100 de miliarde de dolari \u00een \u00eemprumuturi legate de start-up-ul aflat \u00eenc\u0103 pe pierdere, pe m\u0103sur\u0103 ce produc\u0103torul ChatGPT beneficiaz\u0103 de o explozie a cheltuielilor finan\u0163ate prin datorii, f\u0103r\u0103 a-\u015fi asuma riscuri financiare directe. Companii precum SoftBank, Oracle \u015fi CoreWeave au \u00eemprumutat cel [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[81,201,314,750,9782,14884,8644,11056,183,362,149,161,437,62,32878,20885,15141,19707],"class_list":["post-242698","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-afaceri","tag-companii","tag-construire","tag-datorii","tag-declaratii","tag-explozie","tag-financial-times","tag-financiar","tag-imprumut","tag-infrastructura","tag-investitii","tag-miliarde","tag-oracle","tag-parteneri","tag-pregatesc","tag-ridicare","tag-riscuri","tag-timp"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/242698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=242698"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/242698\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}