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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.

(page 5) 31 comments

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

That's a big ass lemonade stand right there. Hey! I need a pair a boots!

...here you go sir!

What? That's lemonade!

[–] 2xsaiko@discuss.tchncs.de -3 points 10 months ago (2 children)

If I had to pick between two con-men, I’d rather have fucking Elon have that money. At least he isn’t making the biggest energy black hole.

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