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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

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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[–] moitoi@feddit.de 18 points 9 months ago (2 children)

I'm not pretending AI isn't useful. There is plenty of field where AI helps. But, AI has been the next scam after blockchain, crypto, NFT...

It's the end of our civilization with falling capitalism. But, capitalism will try to find new ways to make short term profits. We moved from fordism to post-fordism with the enslavement of the cognitive abilities. We entered the next era with all these scams. And entshitification is a symptom of this.

[–] derpgon@programming.dev 16 points 9 months ago (1 children)

At least AI has something to show for it. Crypto, on the other hand...

[–] Specal@lemmy.world 5 points 9 months ago

Exactly, my job is easier now with chatGPT, not because it's better at doing my job, it just drafts ideas faster than me. As far as resource usage goes I'm all for it

[–] whoelectroplateuntil@sh.itjust.works 3 points 9 months ago

If only someone could have predicted this long-term crisis of profitability within the capitalist system to which no permanent solution existed!