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

submitted 9 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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[-] makeasnek@lemmy.ml -3 points 9 months ago

It's been letting people be their own bank for 15 years. You can send transactions across the globe for pennies in fees which confirm instantly using Bitcoin lightning. The supply has remained capped at 21 million. It's doing exactly what it said it would do without a single hack or hour of downtime 24/7, 365.

[-] hark@lemmy.world 2 points 9 months ago

The lightning network is more centralized. Congrats, you just exchanged the banks for a different set of banks.

[-] makeasnek@lemmy.ml -3 points 9 months ago* (last edited 9 months ago)

Except it's not. Lightning is incredibly decentralized, you can run a full lightning node on a raspberry pi. I have one running on my phone. Look up a graph of lightning network, looks just like any other decentralized system. Nodes you route through never have custody of your funds, unlike a bank.

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

Yeah, I'm sure your dinky raspberry pi is processing a meaningful number of transactions.

[-] makeasnek@lemmy.ml -1 points 9 months ago* (last edited 9 months ago)

It can. Lightning transactions are as easy and lightweight to process as e-mail. They measure in the bytes or kb in size, no mining is required.

this post was submitted on 10 Feb 2024

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