this post was submitted on 10 Feb 2024
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OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)
submitted 8 months ago by rimu@piefed.social to c/technology@lemmy.world
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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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[–] doublejay1999@lemmy.world 43 points 8 months ago (1 children)

We will come to regret not jailing San Altman.

[–] HootinNHollerin@lemmy.world 4 points 8 months ago* (last edited 8 months ago)

He definitely didn’t watch terminator.