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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[–] remotelove@lemmy.ca 173 points 1 year ago* (last edited 1 year ago) (7 children)

That's fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world's energy.

[–] essteeyou@lemmy.world 53 points 1 year ago

I was about to ask for the other 94%...

[–] herrcaptain@lemmy.ca 19 points 1 year ago

See now, they need to ask for more like 25% of the total world economy. That way what they actually want is gonna seem like a great deal.

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[–] EdibleFriend@lemmy.world 125 points 1 year ago (5 children)

The fundraising efforts are part of a broader strategy to address OpenAI’s growth constraints,

see...we just can't grow without TRILLIONS OF FUCKING DOLLARS

[–] RedditWanderer@lemmy.world 56 points 1 year ago (1 children)
[–] Nougat@kbin.social 25 points 1 year ago (2 children)

AM I BEING CONSTRAINED? OR AM I FREE TO GO?

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[–] bunnyfc@kbin.social 24 points 1 year ago (2 children)

i have a business case to become the major player in the chip industry: buy the planet's economy

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[–] los_chill@programming.dev 114 points 1 year ago (7 children)

Good thing the board folded and allowed this to be full for-profit. Getting people reliant on LLM subscriptions is super important for humanity right now.

Another L for Earth, in general.

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[–] hark@lemmy.world 65 points 1 year ago (11 children)

I wonder if this will be one of the things pointed at after the AI bubble bursts. Yes, AI will be sticking around, but the hype over it now is ridiculous.

[–] jol@discuss.tchncs.de 33 points 1 year ago (1 children)

The way how every single digital product suddenly has AI shoved in it is really reminiscing of the Web bubble before it popped.

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[–] zoostation@lemmy.world 59 points 1 year ago (6 children)

Could that level of investment ever be recouped in any other manner than by replacing vast numbers of workers and their salaries?

[–] ikidd@lemmy.world 28 points 1 year ago

Well, see, if we grind down 8 billion people into a nourishing slurry with a shelf life of a century, that should be worth at least $1000 a person, with inflation. That's a 50% profit on your investment!

[–] RegalPotoo@lemmy.world 25 points 1 year ago

That's my question; presumably the people in charge of that much wealth aren't total fools and will be wanting to see some actual numbers and a business case as to how they will see a return, not just platitudes and enthusiasm.

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[–] BeatTakeshi@lemmy.world 54 points 1 year ago

Thank God there is trickle down economics. We will all benefit in the end... Right?

[–] BigMacHole@lemm.ee 49 points 1 year ago (10 children)

$7,000,000,000,000? It's a good thing we won't tax it ever at all in any capacity! Not while there's Single Mothers overdrawn on their Bank Accounts! #SaveTheTrillionaires!

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[–] doublejay1999@lemmy.world 41 points 1 year ago (1 children)

We will come to regret not jailing San Altman.

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[–] ombremad@lemmy.blahaj.zone 38 points 1 year ago (12 children)

5-7 trillion and they’ll still end up stealing data from all over the internet.

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[–] Eggyhead@kbin.social 37 points 1 year ago (7 children)

Do they even think about where in a functioning society those trillions are coming from? Do they think wealth just magically appears without affecting the wealth gap?

[–] billiam0202@lemmy.world 26 points 1 year ago (3 children)

It'll come from the working class, like all wealth does.

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[–] GBU_28@lemm.ee 16 points 1 year ago* (last edited 1 year ago) (4 children)

Why would a corporation consider that? I understand capitalism isn't popular here, but still, the corporation SHOULDN'T be considering such issues, they should only attempt to further their own goals.

It's the role of government to align corporate goals with reality, or with societal values

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[–] filister@lemmy.world 37 points 1 year ago (7 children)

Can someone ELI5 what's the open in the OpenAI's name at the moment?

I know they released Whisper as an open source model and that's about it, but I might be wrong.

[–] jj4211@lemmy.world 29 points 1 year ago

It used to be open, then money happened.

[–] JustARegularNerd@lemmy.world 20 points 1 year ago

Open for business

[–] knF@lemmy.world 19 points 1 year ago

Open your wallet /s

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[–] doctorcrimson@lemmy.today 32 points 1 year ago

I used to think they were unethical scammers.

Now I know for sure.

[–] BetaDoggo_@lemmy.world 30 points 1 year ago

Just a few more parameters, then the text prediction model will become sentient.

[–] ohlaph@lemmy.world 26 points 1 year ago (2 children)

We could solve so many problems with that much money.

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[–] cyberpunk007@lemmy.ca 25 points 1 year ago
[–] bfg9k@lemmy.world 24 points 1 year ago (2 children)

You could build a huge, state-of-the-art orbital station for 1 trillion lol

why spend it on some software

[–] SomeGuy69@lemmy.world 15 points 1 year ago

It's necessary, to replace humans, fellow human.

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[–] A_Very_Big_Fan@lemmy.world 23 points 1 year ago (4 children)

I, too, would like 5-7 trillion dollars

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[–] xePBMg9@lemmynsfw.com 23 points 1 year ago (2 children)

Let's use that money to build an orbital ring instead. Would be cooler and more useful.

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[–] Kushia@lemmy.ml 22 points 1 year ago

Motherfucker is going for the biggest heist of all time. What a colossal waste of money and resources.

[–] Aopen@discuss.tchncs.de 21 points 1 year ago

$2.92T is current Apple market cap btw

[–] GasMaskedLunatic@lemmy.dbzer0.com 19 points 1 year ago* (last edited 1 year ago) (1 children)

This mother fucker REALLY wants the machine uprising ending.

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[–] Nobody@lemmy.world 18 points 1 year ago (1 children)

It’s too bad the non-profit oversight board got killed by the for-profit subsidiary. OpenAI is dead on arrival as useful tech. It’s now a vehicle to deceive investors to raise VC cash.

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[–] comador@lemmy.world 17 points 1 year ago

What are we going to do tonight Pinky?

[–] moitoi@feddit.de 15 points 1 year ago (1 children)

I'm not pretending AI isn't useful. There is plenty of field where AI helps. But, AI has been the next scam after blockchain, crypto, NFT...

It's the end of our civilization with falling capitalism. But, capitalism will try to find new ways to make short term profits. We moved from fordism to post-fordism with the enslavement of the cognitive abilities. We entered the next era with all these scams. And entshitification is a symptom of this.

[–] derpgon@programming.dev 15 points 1 year ago (1 children)

At least AI has something to show for it. Crypto, on the other hand...

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[–] db2@lemmy.world 15 points 1 year ago (4 children)

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

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[–] MacStache@sopuli.xyz 14 points 1 year ago (1 children)

increase world's chip manufacturing

With what raw materials?

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[–] NeoNachtwaechter@lemmy.world 13 points 1 year ago

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

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