this post was submitted on 10 Feb 2024
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488
OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)
submitted 9 months ago by [email protected] to c/[email protected]
210 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.

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[–] [email protected] 6 points 9 months ago (2 children)

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

[–] [email protected] 10 points 9 months ago

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.

[–] [email protected] 9 points 9 months ago

That's the neat part...