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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.

(page 3) 50 comments

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

1 Googol dolars

[–] MonsiuerPatEBrown@reddthat.com 4 points 9 months ago (1 children)

We need a new denomination to where a trillion dollars is like one MEGABUCK oh wait that is taken.

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[–] nutsack@lemmy.world 3 points 9 months ago* (last edited 9 months ago)

hell yeah feed the beast let's all turn into weird little egg holder things

[–] recapitated@lemmy.world 3 points 9 months ago

Weird that an Altman wants all this human to go to something alternative to humans.

[–] theodewere@kbin.social 3 points 9 months ago

feed me, Seymour!

[–] leanleft@lemmy.ml 3 points 9 months ago (3 children)

i thought this was reddit when they sell all our content to fuel openAI. lol

[–] hglman@lemmy.ml 2 points 9 months ago

Here at lemmy is open and free to everyone!

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[–] homesweethomeMrL@lemmy.world 2 points 9 months ago

I dunno, I see his picture on an article and I expect it to be bad news.

And it is.

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