OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion
OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion
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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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.
Junk claims by vultures trying to excite investors or junk claims by cultists out of touch with reality? At least the vulture capitalists won't end up starting a religion about banishing thetans after they truly go off the deep end.