this post was submitted on 10 Feb 2024
488 points (96.2% liked)

Technology

61038 readers
5331 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s
enu
technopagan
L4s
488
OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)
submitted 11 months ago by [email protected] to c/technology
217 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.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] billiam0202 31 points 11 months ago (1 children)

It'll come from the working class, like all wealth does.

[โ€“] Debrox 3 points 11 months ago (1 children)

I'm starting to think we agreed to a very bad deal. ๐Ÿฅน

[โ€“] butterflyattack 13 points 11 months ago (1 children)

We agreed?

[โ€“] [email protected] 4 points 11 months ago

Yeah, I didn't agree to shit. I got yanked from the void into all of this.