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] 16 points 1 year ago (1 children)

It’s too bad the non-profit oversight board got killed by the for-profit subsidiary. OpenAI is dead on arrival as useful tech. It’s now a vehicle to deceive investors to raise VC cash.

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

increase world's chip manufacturing

With what raw materials?

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[–] [email protected] 14 points 1 year ago

Nobody seems to recognize that madness is not in numbers, but in people.

[–] [email protected] 13 points 1 year ago

Scam Altman Freid strikes again

[–] [email protected] 11 points 1 year ago
[–] [email protected] 11 points 1 year ago* (last edited 1 year ago)

trillion: when billion just doesn't cut it

[–] [email protected] 10 points 1 year ago

I don't think money is the missing thing here..

[–] [email protected] 9 points 1 year ago

Ah yes, open "ai"...where we parse as many webaites as possible, rank them internally by keyword usage and or views, then have our "bot" spew that shit at you

[–] [email protected] 7 points 1 year ago (1 children)

Since the recent call for fusion energy from an AI company, I wonder if eventually there will be competition for energy. Will there be a point where it is more "cost efficient" (for some) to farm solar energy instead of food, because AI will be more productive per m² than most people? It could appear easier to control, too.

Maybe you could argue that this is already the case, except that most people don't feel it yet, because AI isn't very efficient yet and most resources so far, are only spent in expectation of future results.

[–] [email protected] 13 points 1 year ago* (last edited 1 year ago)

to farm solar energy instead of food,

People figured out already this is a "why not both" situation. It's called agrivoltaics what means putting solar panels in a field with crops or animals. A lot of plants benefit from some shade, certainly with climate change and heat waves doing their thing. Other do have a bit lower yield, but having dual income from the land more than makes up for that.

[–] [email protected] 7 points 1 year ago

So crazy we should fire this guy (again).

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

How do they plan to pay that back? Because investors will want a return on investment.

[–] [email protected] 11 points 1 year ago

They will use it create a LLM that will create more hype for "AI". This will drive future investment and make line go up.

Nobody needs to make products anymore. You just gotta create hype to get the attention of the billionaires since they're the ones with all the money.

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