Technology @lemmy.world Rimu @piefed.social 8 mo. ago

OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion

decrypt.co OpenAI Considers $7 Trillion Round, Thinks It Can Double Revenue by 2025: Reports - Decrypt

OpenAI CEO Sam Altman is said to be in talks with investors about raising between $5 trillion and $7 trillion in a new funding round.

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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That's fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world's energy.
The fundraising efforts are part of a broader strategy to address OpenAI’s growth constraints,

see...we just can't grow without TRILLIONS OF FUCKING DOLLARS
Good thing the board folded and allowed this to be full for-profit. Getting people reliant on LLM subscriptions is super important for humanity right now.

Another L for Earth, in general.
For perspective, global annual GDP is $105 trillion, which means Altman is asking the world to invest 6.7% or so of the entire world's economic output for one year in his company.
I also want to raise $5 - $7 trillion dollars.
I wonder if this will be one of the things pointed at after the AI bubble bursts. Yes, AI will be sticking around, but the hype over it now is ridiculous.
Could that level of investment ever be recouped in any other manner than by replacing vast numbers of workers and their salaries?
Thank God there is trickle down economics. We will all benefit in the end... Right?
$7,000,000,000,000? It's a good thing we won't tax it ever at all in any capacity! Not while there's Single Mothers overdrawn on their Bank Accounts! #SaveTheTrillionaires!
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?
5-7 trillion and they’ll still end up stealing data from all over the internet.
We will come to regret not jailing San Altman.
Can someone ELI5 what's the open in the OpenAI's name at the moment?

I know they released Whisper as an open source model and that's about it, but I might be wrong.
I used to think they were unethical scammers.

Now I know for sure.
Just a few more parameters, then the text prediction model will become sentient.
I, too, would like 5-7 trillion dollars
Let's use that money to build an orbital ring instead. Would be cooler and more useful.
We could solve so many problems with that much money.
You could build a huge, state-of-the-art orbital station for 1 trillion lol

why spend it on some software
Motherfucker is going for the biggest heist of all time. What a colossal waste of money and resources.
$2.92T is current Apple market cap btw
This mother fucker REALLY wants the machine uprising ending.
I'm not pretending AI isn't useful. There is plenty of field where AI helps. But, AI has been the next scam after blockchain, crypto, NFT...

It's the end of our civilization with falling capitalism. But, capitalism will try to find new ways to make short term profits. We moved from fordism to post-fordism with the enslavement of the cognitive abilities. We entered the next era with all these scams. And entshitification is a symptom of this.
It’s too bad the non-profit oversight board got killed by the for-profit subsidiary. OpenAI is dead on arrival as useful tech. It’s now a vehicle to deceive investors to raise VC cash.
What are we going to do tonight Pinky?
Thou shalt not make a machine in the likeness of a human mind.
At this point I wouldn't mind them accidentally creating Skynet and killing us all in a nuclear inferno, just so we don't have to listen to any more insufferable, grifting techbros.

Max Zorin had the right idea about silicon valley.
Nobody seems to recognize that madness is not in numbers, but in people.
increase world's chip manufacturing

With what raw materials?
i guess the number they want to fundraise comes from an AI (maybe because they do not want to think by themselves any more)

as far as i am right with the "trillion" which is just a "billion" where i live and 1e12 (a 1 followed by 12 zeroes)

but according to wikipedia (in 2017) there are only:

14.000.000.000.000 USD existing in the world while they want to fundraise 7.000.000.000.000 USD

so basically they want half of the USD that had been printed in all history up until 2017.

maybe they just want to say that they want to push YOU into poverty, who knows.

may it by getting it from you or by letting some govs print money faster than ever, reducing your money to half or less of a fraction of its previous virtual value.

But the AI that came up with that number had "good luck" to not come up with the need of "more" money than ever has existed =D

i think i'ld prefer to use a dice when i really need a random "decision".

update: Plz tell me if i am wrong with the numbers or what the current 2024 number of all "printed" (well physical AND digital) USD in the world is at the moment. thx
LOL that's more than the GDP of Japan. What a joke!
Scam Altman Freid strikes again
trillion: when billion just doesn't cut it
I don't think money is the missing thing here..
Oh, they're not asking for much, just more than the GDP of EVERY COUNTY IN THE WORLD OTHER THAN THE US AND CHINA
So taking open public data from the web and making money from it, seems lucrative. This was done by google so log ago...
Since the recent call for fusion energy from an AI company, I wonder if eventually there will be competition for energy. Will there be a point where it is more "cost efficient" (for some) to farm solar energy instead of food, because AI will be more productive per m² than most people? It could appear easier to control, too.

Maybe you could argue that this is already the case, except that most people don't feel it yet, because AI isn't very efficient yet and most resources so far, are only spent in expectation of future results.
So crazy we should fire this guy (again).
Ah yes, open "ai"...where we parse as many webaites as possible, rank them internally by keyword usage and or views, then have our "bot" spew that shit at you
How do they plan to pay that back? Because investors will want a return on investment.
Well at least no one can say he isn't ambitious haha
1 Googol dolars
We need a new denomination to where a trillion dollars is like one MEGABUCK oh wait that is taken.
feed me, Seymour!
i thought this was reddit when they sell all our content to fuel openAI. lol
hell yeah feed the beast let's all turn into weird little egg holder things
Weird that an Altman wants all this human to go to something alternative to humans.
I dunno, I see his picture on an article and I expect it to be bad news.

And it is.
Better to get that money before the Ponzi fall down..
That's a big ass lemonade stand right there. Hey! I need a pair a boots!

...here you go sir!

What? That's lemonade!
That’s understandable given that they don’t want to be tortured for all eternity bt Roko's basilisk.

This AI hype bubble is 🤡
If I had to pick between two con-men, I’d rather have fucking Elon have that money. At least he isn’t making the biggest energy black hole.

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