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submitted 10 months ago by rimu@piefed.social to c/technology@lemmy.world

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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[-] ABCDE@lemmy.world 1 points 10 months ago

Hence my "good" comment; I was going to expand on that but assumed it would be interpreted correctly.

this post was submitted on 10 Feb 2024
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