this post was submitted on 10 Feb 2024
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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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[–] [email protected] 181 points 1 year ago* (last edited 1 year ago) (3 children)

That's fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world's energy.

[–] [email protected] 57 points 1 year ago (1 children)

I was about to ask for the other 94%...

[–] [email protected] 23 points 1 year ago (1 children)

.000000001 percent of that…. Please

[–] [email protected] 6 points 1 year ago (2 children)
[–] [email protected] 8 points 1 year ago (1 children)

$100,000,000,000,000 × 0.00000000001 is $1,000!

I'd happily take that

[–] [email protected] 5 points 1 year ago

ah, I was starting with the OpenAI's goal, not the total world economy for some reason.

[–] [email protected] 19 points 1 year ago

See now, they need to ask for more like 25% of the total world economy. That way what they actually want is gonna seem like a great deal.

[–] [email protected] 4 points 1 year ago (3 children)

AI will double the world’s economy so they’re basically giving us an extra 94% for free.

[–] [email protected] 6 points 1 year ago (1 children)

inagine it like putting the middle classes wealth in a blender.

[–] [email protected] 5 points 1 year ago

But instead of a delicious smoothie, it makes that toxic dust like the will it blend videos.

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

That's called inflation.