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submitted 9 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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[-] Eggyhead@kbin.social 46 points 9 months ago

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 31 points 9 months ago

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

[-] Debrox@lemmy.world 3 points 9 months ago

I'm starting to think we agreed to a very bad deal. 🥹

[-] butterflyattack@lemmy.world 13 points 9 months ago
[-] SkyeStarfall@lemmy.blahaj.zone 4 points 9 months ago

Yeah, I didn't agree to shit. I got yanked from the void into all of this.

[-] GBU_28@lemm.ee 18 points 9 months ago* (last edited 9 months ago)

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

[-] chilicheeselies@lemmy.world 8 points 9 months ago

Thats the reality. Government should be acting as the counterbalance. Unfortunately while the goverment remains dysfunctional, corps are getting to do whatever they want. Its bad because once its done, its very hard to unroll it without affecting innocent people.

[-] GBU_28@lemm.ee 3 points 9 months ago* (last edited 9 months ago)

Very true. I'm specifically discussing the content "do they even think about". No!

[-] msage@programming.dev 0 points 9 months ago

It's like saying the killing of the earth is just baked into the system.

Well yes, we know that, it's just completely wrong and alarmingly close to manifest.

[-] Promethiel@lemmy.world 1 points 9 months ago

A bit late now, but perhaps people--governments, regulators, leaders, the parties who had the freedom from the fields to sit about and draft corporate structures--should have thought about the interplay right in your statement which delivers us our current modern world.

I.e, the below points are in my sincere opinion, fundamentally mutually exclusive:

the corporation SHOULDN'T be considering such issues, they should only attempt to further their own goals

and

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

The former empowers the more agile structure of a singular corporation to devote all it can regardless of morality to ensure it controls the latter--Government, regulations, public opinion,"ownership" of natural resources--such as to maximize it's own goals.

The goal of any single corporation taken to absurdity is often touted as absurd because but is it really?

What mechanisms does a corporation have to not grow until all the world is simply 'Megacorp Branded' ruins whose asset holdings trend to infinite on the last running quarterly report spreadsheet within a planet devoid of both investors and consumers?

There are no brakes built into the most common corporate structures by short sighted design, and humans suck at exponentials.

It hasn't even been fifteen human generations since the advent of the Industrial Revolution bringing the impetus for ever speeding greed.

If the rich were any less short sighted than the poor and money granted the wisdom they think it does, they would be pushing for corporate reform that doesn't risk a period of "blink and both our profits and the world are gone".

That selfish-altruism isn't common sense even as they all clamor for anti-aging just shows cash doesn't provide wisdom, only opportunity to get your head out of your ass and insulation from consequence until it's too late otherwise.

[-] ChickenLadyLovesLife@lemmy.world 8 points 9 months ago

Oil money. They even mention the UAE.

[-] umbrella@lemmy.ml 5 points 9 months ago

oh so contributing to climate change and worsening the wealth gap

[-] ChickenLadyLovesLife@lemmy.world 4 points 9 months ago

AI ain't gonna give two shits about climate change.

[-] umbrella@lemmy.ml 1 points 9 months ago

ai is a far cry from being sentient but I get what you mean, the capitalist overlords are gonna use it to extract more money from us instead of giving a shit

[-] LarmyOfLone@lemm.ee 3 points 9 months ago

I'm not sure but these kinds of wasteful spendings are just "imaginary money" that sits around in virtual bank accounts being hoarded and doing nothing but when it's wasted like this actually gets spend for salaries etc. Basically all this money is generated in computers and an "inefficiency" until it's being used.

It's much worse when they buy up tons of real estate or apartments or buy up existing corporations to make them more "profitable".

this post was submitted on 10 Feb 2024
487 points (96.2% liked)

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