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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

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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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[–] jol@discuss.tchncs.de 37 points 10 months ago (1 children)

The way how every single digital product suddenly has AI shoved in it is really reminiscing of the Web bubble before it popped.

[–] doctorcrimson@lemmy.today 2 points 10 months ago

But just think about all the time AI could save you at work by performing simple tasks. It really suits my need very well, have you tried it? NAH JK FUCK AI. OpenAI is a shitshow and their fans are morons.