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What happens when OpenAI’s burn dries up their cash?
They mysteriously gain a lot of government contracts.

In a completely unrelated event, Donald sues Sam for 10M$ for calling him old, Sam grudingly agrees to pay him 16M$ and a beer.

That's where taxpayers come in a the ultimate bagholder.
They get more money from investors, go public, or get bought.
Taxpayers bail them out.
$110B will surely last for at least a year.
Was that $110B in cash? I wouldn't be surprised if it's based on something else (paid for using deals for stock).
That money is going directly to Jensen as quickly as possible to secure OpenAI's place in the delivery queue
The investment version of "can you climb up a falling ladder fast enough to not fall"
RAM prices go down. My hope though is that the period RAM prices stay up will put electron apps out of market.
All the vibe-coded webshitware these companies are putting out seems too be doing the opposite: it's all even more memory- and cycle-hungry than the webshit we were lovingly pooping out by hand for the last decade.
"We must be regulated to contain the nuclear bomb like power of our products. Oh look it escaped again!", etc