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.
That’s fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world’s energy.
I was about to ask for the other 94%…
See now, they need to ask for more like 25% of the total world economy. That way what they actually want is gonna seem like a great deal.
AI will double the world’s economy so they’re basically giving us an extra 94% for free.
The world economy cannot double without destroying the planet’s ability to sustain us.
inagine it like putting the middle classes wealth in a blender.
But instead of a delicious smoothie, it makes that toxic dust like the will it blend videos.
That’s called inflation.