Action is happening up-and-down the LLM stack: Nvidia is making deals with Intel, OpenAI is making deals with Oracle, and Nvidia and OpenAI are making deals with each other. Nine years after Nvidia CEO Jensen Huang hand-delivered the first Nvidia DGX-1 AI computer to OpenAI, the chip giant is investing up to $100 billion in the AI lab, which OpenAI will, of course, spend on Nvidia AI systems. This ouroboros of a deal certainly does feel a bit frothy, but there is a certain logic to it: Nvidia is...