Technology

60115 readers

2842 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

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

[–] filister@lemmy.world 40 points 10 months ago (6 children)

Can someone ELI5 what's the open in the OpenAI's name at the moment?

I know they released Whisper as an open source model and that's about it, but I might be wrong.

[–] jj4211@lemmy.world 36 points 10 months ago

It used to be open, then money happened.

[–] JustARegularNerd@lemmy.world 24 points 10 months ago

Open for business

[–] knF@lemmy.world 21 points 10 months ago

Open your wallet /s

[–] butterflyattack@lemmy.world 6 points 10 months ago (1 children)

I don't know but maybe it's short for 'open goal'

[–] ChickenLadyLovesLife@lemmy.world 3 points 10 months ago

Open sesame

[–] recapitated@lemmy.world 1 points 10 months ago

Pandora's box

[–] Emerald@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

Is Jukebox open source?

Edit: nope, it is not