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 1 year ago by rimu@piefed.social to c/technology@lemmy.world
218 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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[–] leanleft@lemmy.ml 3 points 1 year ago (2 children)

i thought this was reddit when they sell all our content to fuel openAI. lol

[–] hglman@lemmy.ml 2 points 1 year ago

Here at lemmy is open and free to everyone!

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

It's much easier to do that with Lemmy. It's simply less useful because there are fewer users.

[–] leanleft@lemmy.ml 2 points 1 year ago

idk. yeah.. probably.
all (public) platforms are fcked.
but at least it provides value to users.
like: piracy, anonymity, and foss software.
also general info and news.