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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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[–] whoelectroplateuntil@sh.itjust.works 112 points 9 months 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.

[–] keefshape@lemmy.ca 51 points 9 months ago* (last edited 9 months 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?

[–] Kolanaki@yiffit.net 5 points 9 months ago (3 children)

is Altman going true Dr Evil megalomaniac?

"Ahh fuck it. Let's just hijack a nuclear weapon and hold the world hostage."

[–] Eggyhead@kbin.social 3 points 9 months ago (1 children)

These days Dr. Evil would still get laughed at for demanding the $100 billion.

[–] Kolanaki@yiffit.net 1 points 9 months ago (1 children)

For being too high or being too low, like when he asked for a million dollars?

[–] Eggyhead@kbin.social 3 points 9 months ago

For being too low.

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