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OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)
submitted 2 years ago by 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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[–] 60 points 2 years ago (6 children)

Could that level of investment ever be recouped in any other manner than by replacing vast numbers of workers and their salaries?

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  • [–] 29 points 2 years ago

    Well, see, if we grind down 8 billion people into a nourishing slurry with a shelf life of a century, that should be worth at least $1000 a person, with inflation. That's a 50% profit on your investment!

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  • [–] 25 points 2 years ago

    That's my question; presumably the people in charge of that much wealth aren't total fools and will be wanting to see some actual numbers and a business case as to how they will see a return, not just platitudes and enthusiasm.

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  • [–] -3 points 2 years ago (2 children)

    That's how productivity growth is achieved, a smaller amount of workers do the same task.

    Or course, the created wealth is again invested back eventually and new products/services require new jobs.

    For example, right now we have some of the highest labor participation in years, despite rising productivity

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  • [–] 16 points 2 years ago* (1 child)

    yeah and productivity increase has decoupled from wage in 1980, while productivity rises wages stay the same - why should anyone who's not a multimillionaire find that acceptable?

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