this post was submitted on 10 Feb 2024
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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.

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[–] [email protected] 16 points 9 months ago (5 children)

Thou shalt not make a machine in the likeness of a human mind.

[–] [email protected] 11 points 9 months ago

You orange Catholics are all the same, afraid of a progress just cuz of a little jihad every now and again.

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[–] [email protected] 14 points 9 months ago (1 children)

increase world's chip manufacturing

With what raw materials?

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[–] [email protected] 14 points 9 months ago

Nobody seems to recognize that madness is not in numbers, but in people.

[–] [email protected] 14 points 9 months ago (1 children)

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.

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[–] [email protected] 13 points 9 months ago* (last edited 9 months ago) (2 children)

i guess the number they want to fundraise comes from an AI (maybe because they do not want to think by themselves any more)

as far as i am right with the "trillion" which is just a "billion" where i live and 1e12 (a 1 followed by 12 zeroes)

but according to wikipedia (in 2017) there are only:

14.000.000.000.000 USD existing in the world while they want to fundraise 7.000.000.000.000 USD

so basically they want half of the USD that had been printed in all history up until 2017.

maybe they just want to say that they want to push YOU into poverty, who knows.

may it by getting it from you or by letting some govs print money faster than ever, reducing your money to half or less of a fraction of its previous virtual value.

But the AI that came up with that number had "good luck" to not come up with the need of "more" money than ever has existed =D

i think i'ld prefer to use a dice when i really need a random "decision".

update: Plz tell me if i am wrong with the numbers or what the current 2024 number of all "printed" (well physical AND digital) USD in the world is at the moment. thx

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

That is not how that works...

[–] [email protected] 10 points 9 months ago (1 children)

It may not reflect some of the weirdness, but it illustrates the absurdity of the scale well.

Some other comparisons: It's about a third of all US economic activity

It's about fifteen times more than the total economic activity around all electronic chips.

It's five to seven times more money than all the nations' military spending combined.

Even adjusted for inflation, it's about 20 to 30 times more money than spent on all the Apollo missions combined.

Adjusted for inflation, it's about six to nine times the amount spent on the new deal.

This is a stupid amount of money no matter how you account with nothing close to compare.

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

yeah, thats exactly what i am saying, most of the money ever printed sits in places it will never leave, so IMO there are no 5trillion available on the market and the cash flow does not allow to take out even a "little" bit (speaking in 1e12 terms) before things collapse for the majority.

oh yes, printing money works exactly like that, it was just printed in the past and nowadays they just increase numbers in databases: plopp and the value of that currency and especially everything that is bound to it decreases, ripping you of what you have saved without even touching your bank account.

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[–] carpelbridgesyndrome 12 points 9 months ago

Scam Altman Freid strikes again

[–] [email protected] 11 points 9 months ago
[–] [email protected] 11 points 9 months ago* (last edited 9 months ago)

trillion: when billion just doesn't cut it

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

I don't think money is the missing thing here..

[–] [email protected] 8 points 9 months ago

Oh, they're not asking for much, just more than the GDP of EVERY COUNTY IN THE WORLD OTHER THAN THE US AND CHINA

[–] [email protected] 7 points 9 months ago (1 children)

Since the recent call for fusion energy from an AI company, I wonder if eventually there will be competition for energy. Will there be a point where it is more "cost efficient" (for some) to farm solar energy instead of food, because AI will be more productive per m² than most people? It could appear easier to control, too.

Maybe you could argue that this is already the case, except that most people don't feel it yet, because AI isn't very efficient yet and most resources so far, are only spent in expectation of future results.

[–] [email protected] 14 points 9 months ago* (last edited 9 months ago)

to farm solar energy instead of food,

People figured out already this is a "why not both" situation. It's called agrivoltaics what means putting solar panels in a field with crops or animals. A lot of plants benefit from some shade, certainly with climate change and heat waves doing their thing. Other do have a bit lower yield, but having dual income from the land more than makes up for that.

[–] [email protected] 7 points 9 months ago

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

[–] [email protected] 7 points 9 months ago

So crazy we should fire this guy (again).

[–] [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...

[–] [email protected] 6 points 9 months ago (1 children)

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

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[–] [email protected] 6 points 9 months ago

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

[–] [email protected] 5 points 9 months ago

1 Googol dolars

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