Comment by davoneus

3 days ago

I've heard it was Sam Altman and OpenAI basically buying every wafer available from both Samsung and SKHynix at the start of October.

Neither company know of the other purchase until it was a done deal.

6 comments

davoneus

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Panzer04  3 days ago

Kind of funny to see manufacturers get screwed by their own opaque pricing policies for once.

All well and good when you're dictating terms with dozens of buyers, but probably not so much when a single buyer is dictating terms to a couple of sellers.

Scaevolus  3 days ago

The CEO of OpenAI and OpenAI didn't coordinate?

  • ndriscoll  3 days ago

    Samsung and SK Hynix. OpenAI made deals to buy almost half of manufactured DRAM in the world. There's speculation that after this was announced, other companies started making their own deals in a panic, further driving demand.

    • lucb1e  3 days ago

      > after this was announced, other companies started making their own deals in a panic, further driving demand.

      Oh ffs it's like the toilet paper thing. I was amazed how long that continued despite credible sources saying there is no shortage, just insane demand from the loonies that don't believe it would return to normal instantly if they would just stop buying more and more extras because "see, it's out again!"

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