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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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[–] EdibleFriend@lemmy.world 134 points 9 months ago (5 children)

The fundraising efforts are part of a broader strategy to address OpenAI’s growth constraints,

see...we just can't grow without TRILLIONS OF FUCKING DOLLARS

[–] RedditWanderer@lemmy.world 62 points 9 months ago (1 children)

STOP CONSTRAINING ME

[–] Nougat@kbin.social 27 points 9 months ago (1 children)

AM I BEING CONSTRAINED? OR AM I FREE TO GO?

[–] jaybone@lemmy.world 3 points 9 months ago (1 children)

HELP HELP I’M BEING REPRESSED

[–] homesweethomeMrL@lemmy.world 1 points 9 months ago

You saw it, didn’t you?!

[–] bunnyfc@kbin.social 26 points 9 months ago (2 children)

i have a business case to become the major player in the chip industry: buy the planet's economy

[–] pretzelz@lemmy.world 2 points 9 months ago

Feels a bit like that paperclip sim

[–] smb@lemmy.ml 4 points 9 months ago* (last edited 9 months ago)

maybe just "they" can't.

probably a bad idea to put those with already too many recource usage, who are living on the cost of society for uncountable generations, in positions to decide anything. maybe.

[–] assassin_aragorn@lemmy.world 3 points 9 months ago* (last edited 9 months ago)

Between this and saying they couldn't operate if they fairly paid authors, I'm getting the feeling that Altman might be as talented of a CEO as Spez and Musk.

That is -- if anyone else was making decisions, the companies would be vastly more successful.

[–] scarabic@lemmy.world 1 points 9 months ago

If a leap in world computing capacity is really what’s needed here then it is a tall order. Crypto has been sucking up an increasing share of that in recent years and will probably continue to do so as long as people love money and are idiots. Plus the geopolitics around Taiwan, China, annd the US are a problem as well. I’m not sure how you solve all that even with 5 trillion.