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OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)

submitted 7 months ago by [email protected] to c/technology

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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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[–] Snapz 7 points 7 months ago (1 children)

They're as close as theranos was, just need the money and "two more years".

[–] Sorgan71 0 points 7 months ago (3 children)

theranos never changed the world, openai already has

[–] ShittyBeatlesFCPres 12 points 7 months ago (1 children)

Eh, not really in a positive way yet. I use it for quick code snippets but it’s not all that important compared to the fact that misuse of generative A.I. is making so much information on the Internet completely worthless. I don’t think the trade-offs have been worth anything we’ve seen yet.

I’m bullish about a lot of generative A.I. use cases long term but they haven’t accomplished much positive yet and there’s still major, major scaling issues that may not be solved soon. It could easily be like self driving cars where progress stagnates. A lot of times with software, the first 80% is easy and the last 20% takes a decade longer than people expect.

[–] scarabic 2 points 7 months ago

I use it for quick code snippets but it’s not all that important compared to the fact that misuse of generative A.I. is making so much information on the Internet completely worthless.

To be fair we have scare articles galore every day about how this is all ruining the world and killing artists, because fear sells. Meanwhile millions of people like you and me are quietly using this tool to improve our work.

When we compare the relative weight of the two, let’s take the media scare avalanche out of it and just use our personal experiences to judge. I am currently being measurably helped by genAI, and not measurably hurt by it. I just read articles daily about how I’m going to be killed in my sleep by in any second now…

[–] [email protected] 4 points 7 months ago (1 children)

That change has mostly br a bunch of empty promises. There is no AI yet, there is machine learning, which is just an ingredient. As impressive as they are, they're mostly useless

[–] Sorgan71 2 points 7 months ago

Machine learning is AI

[–] assassin_aragorn 2 points 7 months ago (1 children)

I don't know if creating and tying yourself to a bubble that's inevitably going to burst is exactly a great way to change the world.

[–] [email protected] 1 points 7 months ago

It's a great way to make a fat pile of cash though.