this post was submitted on 10 Feb 2024
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486
OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)
submitted 1 year ago by [email protected] to c/[email protected]
220 comments fedilink hide all child comments
 

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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[–] [email protected] 46 points 1 year ago (14 children)

Do they even think about where in a functioning society those trillions are coming from? Do they think wealth just magically appears without affecting the wealth gap?

[–] [email protected] 31 points 1 year ago (3 children)

It'll come from the working class, like all wealth does.

[–] [email protected] 3 points 1 year ago (1 children)

I'm starting to think we agreed to a very bad deal. 🥹

[–] [email protected] 13 points 1 year ago (1 children)

We agreed?

[–] [email protected] 4 points 1 year ago

Yeah, I didn't agree to shit. I got yanked from the void into all of this.

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