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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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[–] rockSlayer@lemmy.world 23 points 9 months ago* (last edited 9 months ago) (1 children)

If a company uses "b" or "t" in it's financial numbers, then the companies should have the piss taxed out of them. There is no justifiable reason for numbers that large to be tax free in literally any context.

[–] ABCDE@lemmy.world -5 points 9 months ago (1 children)

Unless they are being donated to good causes.

[–] wreckedcarzz@lemmy.world 16 points 9 months ago (1 children)

The CEO: creating a shell company as fast as possible, "for donating"

[–] ABCDE@lemmy.world 1 points 9 months ago

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