this post was submitted on 10 Feb 2024
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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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[–] filister@lemmy.world 40 points 9 months ago (6 children)

Can someone ELI5 what's the open in the OpenAI's name at the moment?

I know they released Whisper as an open source model and that's about it, but I might be wrong.

[–] jj4211@lemmy.world 36 points 9 months ago

It used to be open, then money happened.

[–] JustARegularNerd@lemmy.world 24 points 9 months ago

Open for business

[–] knF@lemmy.world 21 points 9 months ago

Open your wallet /s

[–] butterflyattack@lemmy.world 6 points 9 months ago (1 children)

I don't know but maybe it's short for 'open goal'

[–] recapitated@lemmy.world 1 points 9 months ago

Pandora's box

[–] Emerald@lemmy.world 1 points 9 months ago* (last edited 9 months ago)

Is Jukebox open source?

Edit: nope, it is not