487

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

submitted 10 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.

you are viewing a single comment's thread
view the rest of the comments

[-] remotelove@lemmy.ca 184 points 10 months ago* (last edited 10 months ago)

That's fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world's energy.

[-] essteeyou@lemmy.world 57 points 10 months ago

I was about to ask for the other 94%...

[-] Tremble@sh.itjust.works 23 points 10 months ago

.000000001 percent of that…. Please

[-] noodlejetski@lemm.ee 5 points 10 months ago

so... fifty bucks?

[-] SmackemWittadic@lemmy.world 7 points 10 months ago

$100,000,000,000,000 × 0.00000000001 is $1,000!

I'd happily take that

[-] noodlejetski@lemm.ee 5 points 10 months ago

ah, I was starting with the OpenAI's goal, not the total world economy for some reason.

[-] scarabic@lemmy.world 2 points 10 months ago

LOL yes I did the same math. Dude had one wish and he blew it!

“No please, Mr. Genie I meant .000000001 not .00000000001%!”

Genie: so $5,000? (Snaps fingers)

[-] herrcaptain@lemmy.ca 20 points 10 months ago

See now, they need to ask for more like 25% of the total world economy. That way what they actually want is gonna seem like a great deal.

this post was submitted on 10 Feb 2024

487 points (96.2% liked)

Technology

60090 readers

2855 users here now

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

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS