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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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[–] 17 points 2 years ago* (12 children)

It's both. Basically, if he's right that this is among the most important tech in world history and deserves $7 trillion in research, it'll make OpenAI the du jour monopolist over said most important tech in world history if he gets it. Outright dystopian.

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  • [+] 16 points 2 years ago (10 children)
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  • [–] 7 points 2 years ago* (last edited 2 years ago)

    Yeah, AI's been a whole field for many decades, machine learning and deep learning is a whole field that existed and was doing tons of interesting work across a variety of domains before transformers came out. Fully agreed that LLM's are a party trick, but companies use party tricks to gin up interest and money for their real work all the time. None of this changes the fact that AI is important technology.

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  • [–] 4 points 2 years ago (2 children)

    It's also open source too. With faster chips and standard training sets, it will be trivial for anyone to train a basic AI to recognize fire hydrants or whatever. Just like with computers, the "revolution" will not be one giant company but every business using their own.

    Your fridge only needs to recognize food items. It doesn't need any more intelligent software. I want a food recognition AI and cameras in the fridge and cabinets so I know what food I need to buy. This doesn't even need live cameras (for power consumption, privacy, and storage). It can just take a picture and analyze it when the door opens, then delete the picture.

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  • [+] 1 point 2 years ago* (last edited 2 years ago) (4 children)
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  • [–] 1 point 2 years ago

    Read the last paragraph of the OP at least. This is not asking for $5 trillion to be handed solely to OpenAI to go become a world monopoly on chip manufacture. What he’s really asking is for investors to direct funds to radically increasing world compute capacity, to the profit for the chip manufacturers and likely many others. OpenAI just gets to continue the track it’s on without this constraint. There is nothing here about them monopolistically controlling this entire investment and in fact the opposite is true: it’s framed as a broad partnership venture.

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