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

submitted 9 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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[–] Telodzrum 2 points 9 months ago

Aside from the fact that OpenAI and Microsoft leak like a sieve, the scramble for investors would publicize the development, and also the fact that Altman is a braggadocious idiot who need everyone to think he’s smart or he’ll collapse in on himself. The world would know, there isn’t an argument to the contrary that holds any water given the scale of the breakthrough general AI would be and the actors involved here.