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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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[–] chilicheeselies@lemmy.world 8 points 9 months ago (1 children)

Thats the reality. Government should be acting as the counterbalance. Unfortunately while the goverment remains dysfunctional, corps are getting to do whatever they want. Its bad because once its done, its very hard to unroll it without affecting innocent people.

[–] GBU_28@lemm.ee 3 points 9 months ago* (last edited 9 months ago) (1 children)

Very true. I'm specifically discussing the content "do they even think about". No!

[–] msage@programming.dev 0 points 9 months ago

It's like saying the killing of the earth is just baked into the system.

Well yes, we know that, it's just completely wrong and alarmingly close to manifest.