submitted 4 months ago by rimu@piefed.social to c/technology@lemmy.world

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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[-] remotelove@lemmy.ca 184 points 4 months ago* (last edited 4 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 4 months ago

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

[-] Tremble@sh.itjust.works 23 points 4 months ago

.000000001 percent of that…. Please

[-] noodlejetski@lemm.ee 5 points 4 months ago
[-] SmackemWittadic@lemmy.world 7 points 4 months ago

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

I'd happily take that

[-] noodlejetski@lemm.ee 5 points 4 months ago

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

[-] scarabic@lemmy.world 2 points 4 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 4 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
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