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OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)

submitted 10 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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[-] A_Very_Big_Fan@lemmy.world 3 points 10 months ago

Drugs!

I'd probably give Louis Rossman and the institute for justice a trillion each. Rossman would use it to lobby for the Right to Repair movement, and the IFJ would use it to get rid of blatantly unjust legislation like civil asset forfeiture.

Donating a billion to GDQ while they're live would be pretty funny

[-] long_chicken_boat@sh.itjust.works 0 points 10 months ago

rossman is a greedy influencer wannabe that wants to profit from internet injustices, stop being a fanboy.

[-] A_Very_Big_Fan@lemmy.world 0 points 10 months ago

He works for a non-profit organization as a Right to Repair lobbyist, so idk what you're on about. You'd already know this if you did any research beyond what you probably heard on Twitter.

If you think he's "greedy" for using his AdSense and MacBook repair money to create tutorials/Wikis for circumventing anti-repair measures and spreading awareness about unethical tech practices, idk what to tell you.

this post was submitted on 10 Feb 2024

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