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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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[–] smb@lemmy.ml 13 points 9 months ago* (last edited 9 months ago) (8 children)

i guess the number they want to fundraise comes from an AI (maybe because they do not want to think by themselves any more)

as far as i am right with the "trillion" which is just a "billion" where i live and 1e12 (a 1 followed by 12 zeroes)

but according to wikipedia (in 2017) there are only:

14.000.000.000.000 USD existing in the world while they want to fundraise 7.000.000.000.000 USD

so basically they want half of the USD that had been printed in all history up until 2017.

maybe they just want to say that they want to push YOU into poverty, who knows.

may it by getting it from you or by letting some govs print money faster than ever, reducing your money to half or less of a fraction of its previous virtual value.

But the AI that came up with that number had "good luck" to not come up with the need of "more" money than ever has existed =D

i think i'ld prefer to use a dice when i really need a random "decision".

update: Plz tell me if i am wrong with the numbers or what the current 2024 number of all "printed" (well physical AND digital) USD in the world is at the moment. thx

[–] Twentytwodividedby7@lemmy.world 6 points 9 months ago (6 children)

That is not how that works...

[–] jj4211@lemmy.world 10 points 9 months ago (1 children)

It may not reflect some of the weirdness, but it illustrates the absurdity of the scale well.

Some other comparisons: It's about a third of all US economic activity

It's about fifteen times more than the total economic activity around all electronic chips.

It's five to seven times more money than all the nations' military spending combined.

Even adjusted for inflation, it's about 20 to 30 times more money than spent on all the Apollo missions combined.

Adjusted for inflation, it's about six to nine times the amount spent on the new deal.

This is a stupid amount of money no matter how you account with nothing close to compare.

[–] derpgon@programming.dev 1 points 9 months ago

Or about the price of a middle sized family house in the US, lol.

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