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] 2 points 9 months ago (1 children)

The lightning network is more centralized. Congrats, you just exchanged the banks for a different set of banks.

[–] [email protected] -3 points 9 months ago* (last edited 9 months ago) (1 children)

Except it's not. Lightning is incredibly decentralized, you can run a full lightning node on a raspberry pi. I have one running on my phone. Look up a graph of lightning network, looks just like any other decentralized system. Nodes you route through never have custody of your funds, unlike a bank.

[–] [email protected] 3 points 9 months ago (1 children)

Yeah, I'm sure your dinky raspberry pi is processing a meaningful number of transactions.

[–] [email protected] -1 points 9 months ago* (last edited 9 months ago)

It can. Lightning transactions are as easy and lightweight to process as e-mail. They measure in the bytes or kb in size, no mining is required.