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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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[-] los_chill@programming.dev 122 points 9 months ago

Good thing the board folded and allowed this to be full for-profit. Getting people reliant on LLM subscriptions is super important for humanity right now.

Another L for Earth, in general.

[-] Breezy@lemmy.world 9 points 9 months ago

Powerful ai could be the Largest Leap/Loss of Mankind.

[-] PlexSheep@feddit.de 5 points 9 months ago

They only call themselves openai, it's not like they would just altruistic Ally make their works public.

Closedai have long sold their ideals

[-] scarabic@lemmy.world 2 points 9 months ago

I’ll never understand how such an obviously true and fairly balanced comment like this can get so downvoted. It can’t be that anyone factually disagrees with you. I guess you’re just not hitting hard enough on the anti-corporate narrative talking points. I mean you did say it could also be a benefit. How dare you!!?? “Boo rich people and their fancy technology!” <— this is what you’re supposed to be typing (on your smartphone lol)

[-] Breezy@lemmy.world 1 points 9 months ago

I just chalk it up as users still havent rid themselves of reddit stupidity. I thought my comment was just cheeky and a bit corny if not also kinda stupid. But as soon as it hit 0 then -1 the echo chambrr kicked in and everyone fell in line like good little humans.

[-] Wooki@lemmy.world 7 points 9 months ago

I wouldnt be too worried, FOSS community is doing insanely well now and arguably just as good. Did I mention they did it for free, not trillions. Nothing.

Legends.

this post was submitted on 10 Feb 2024

496 points (100.0% liked)

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