this post was submitted on 10 Feb 2024
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487
OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)
submitted 2 years ago by [email protected] to c/[email protected]
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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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[โ€“] [email protected] 112 points 2 years ago (37 children)

For perspective, global annual GDP is $105 trillion, which means Altman is asking the world to invest 6.7% or so of the entire world's economic output for one year in his company.

[โ€“] [email protected] 51 points 2 years ago* (last edited 2 years ago) (29 children)

Holy fucking bonkers when you put it that way. Like holy fuck.

Are they that close to something amazing, or is Altman going true Dr Evil megalomaniac?

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