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OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)

submitted 9 months ago by rimu@piefed.social to c/technology@lemmy.world

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OpenAI CEO Sam Altman is in talks with investors, including from the United Arab Emirates, to raise between $5 trillion to $7 trillion in funding. The goal, according to a report in The Wall Street Journal, is to increase the world's chip manufacturing capacity and enhance AI capabilities.

The fundraising efforts are part of a broader strategy to address OpenAI's growth constraints, particularly the scarcity of AI chips needed for training large language models like ChatGPT.

Altman's proposal is said to include forming a partnership with investors, chip manufacturers, and power providers to finance the construction of chip foundries, which would then be operated by the chip manufacturers.

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[-] remotelove@lemmy.ca 182 points 9 months ago* (last edited 9 months ago)

That's fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world's energy.

[-] essteeyou@lemmy.world 56 points 9 months ago

I was about to ask for the other 94%...

[-] herrcaptain@lemmy.ca 20 points 9 months ago

See now, they need to ask for more like 25% of the total world economy. That way what they actually want is gonna seem like a great deal.

[-] SatansMaggotyCumFart@lemmy.world 4 points 9 months ago

AI will double the world’s economy so they’re basically giving us an extra 94% for free.

[-] avidamoeba@lemmy.ca 29 points 9 months ago

The world economy cannot double without destroying the planet's ability to sustain us.

[-] Num10ck@lemmy.world 6 points 9 months ago

inagine it like putting the middle classes wealth in a blender.

[-] nilloc@discuss.tchncs.de 5 points 9 months ago

But instead of a delicious smoothie, it makes that toxic dust like the will it blend videos.

[-] topinambour_rex@lemmy.world 4 points 9 months ago

That's called inflation.

this post was submitted on 10 Feb 2024

496 points (100.0% liked)

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