EMA IT & Data Management Research, Industry Analysis & Consulting

The OpenAI Dealbook: The trillion-dollar compute economy

By Chris Steffen on Nov 4, 2025 9:35:20 AM

If you’ve tried to track the blizzard of OpenAI partnership announcements lately, you might feel like you’re watching the most ambitious infrastructure strategy ever conceived, or a Three Stooges-style routine where everyone keeps paying the same $20 back and forth…except now it’s $20 billion.

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