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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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[–] A_Very_Big_Fan@lemmy.world 0 points 9 months ago

He works for a non-profit organization as a Right to Repair lobbyist, so idk what you're on about. You'd already know this if you did any research beyond what you probably heard on Twitter.

If you think he's "greedy" for using his AdSense and MacBook repair money to create tutorials/Wikis for circumventing anti-repair measures and spreading awareness about unethical tech practices, idk what to tell you.