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OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion

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.

PoliticallyIncorrect ,
@PoliticallyIncorrect@lemmy.world avatar

Better to get that money before the Ponzi fall down..

recapitated ,

Weird that an Altman wants all this human to go to something alternative to humans.

carpelbridgesyndrome ,

Scam Altman Freid strikes again

_sideffect ,

Ah yes, open "ai"...where we parse as many webaites as possible, rank them internally by keyword usage and or views, then have our "bot" spew that shit at you

Blackmist ,

At this point I wouldn't mind them accidentally creating Skynet and killing us all in a nuclear inferno, just so we don't have to listen to any more insufferable, grifting techbros.

Max Zorin had the right idea about silicon valley.

jay9 ,

“Accidentally”

A_Very_Big_Fan ,

I, too, would like 5-7 trillion dollars

BigBananaDealer ,
@BigBananaDealer@lemm.ee avatar

you could donate billions per year and still have a trillion left by the time you died. fuck man what would you even do with that much money?

A_Very_Big_Fan ,

Drugs!

I'd probably give Louis Rossman and the institute for justice a trillion each. Rossman would use it to lobby for the Right to Repair movement, and the IFJ would use it to get rid of blatantly unjust legislation like civil asset forfeiture.

Donating a billion to GDQ while they're live would be pretty funny

long_chicken_boat ,

rossman is a greedy influencer wannabe that wants to profit from internet injustices, stop being a fanboy.

A_Very_Big_Fan ,

He works for a non-profit organization as a Right to Repair lobbyist, so idk what you're on about. You'd already know this if you did any research beyond what you probably heard on Twitter.

If you think he's "greedy" for using his AdSense and MacBook repair money to create tutorials/Wikis for circumventing anti-repair measures and spreading awareness about unethical tech practices, idk what to tell you.

DeepGradientAscent ,
@DeepGradientAscent@programming.dev avatar

"Not even a Hot Pocket?"

Buttons ,
@Buttons@programming.dev avatar

Best I can do is 4 trillion, take it or leave it

nutsack , (edited )

hell yeah feed the beast let's all turn into weird little egg holder things

homesweethomeMrL ,

I dunno, I see his picture on an article and I expect it to be bad news.

And it is.

vane ,

1 Googol dolars

afraid_of_zombies ,

Well at least no one can say he isn't ambitious haha

leanleft ,
@leanleft@lemmy.ml avatar

i thought this was reddit when they sell all our content to fuel openAI. lol

hglman ,

Here at lemmy is open and free to everyone!

Kolrami ,

It's much easier to do that with Lemmy. It's simply less useful because there are fewer users.

leanleft ,
@leanleft@lemmy.ml avatar

idk. yeah.. probably.
all (public) platforms are fcked.
but at least it provides value to users.
like: piracy, anonymity, and foss software.
also general info and news.

atrielienz ,

How do they plan to pay that back? Because investors will want a return on investment.

SpaceCowboy ,
@SpaceCowboy@lemmy.ca avatar

They will use it create a LLM that will create more hype for "AI". This will drive future investment and make line go up.

Nobody needs to make products anymore. You just gotta create hype to get the attention of the billionaires since they're the ones with all the money.

Blackmist ,

That's the neat part...

Aopen ,
@Aopen@discuss.tchncs.de avatar

$2.92T is current Apple market cap btw

nyakojiru ,
@nyakojiru@lemmy.dbzer0.com avatar

So taking open public data from the web and making money from it, seems lucrative. This was done by google so log ago...

gardylou ,
@gardylou@lemmy.world avatar

LOL that's more than the GDP of Japan. What a joke!

laurelraven ,

It's more than the GDP of every country other than the US and China

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