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

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.

zoostation,

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

RegalPotoo,
@RegalPotoo@lemmy.world avatar

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.

iopq,

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

bunnyfc,
bunnyfc avatar

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?

QuaternionsRock,

Why would anyone know this fact and attack productivity increases rather than its being decoupled from wages?

MxM111,
MxM111 avatar

Yes, think about how computers had multiplicative effect on productivity. The same may be possible with AI.

ikidd,
@ikidd@lemmy.world avatar

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!

remotelove,

That’s fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world’s energy.

herrcaptain,

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.

essteeyou,

I was about to ask for the other 94%…

Tremble,

.000000001 percent of that…. Please

noodlejetski,

so… fifty bucks?

SmackemWittadic,
@SmackemWittadic@lemmy.world avatar

$100,000,000,000,000 × 0.00000000001 is $1,000!

I’d happily take that

noodlejetski,

ah, I was starting with the OpenAI’s goal, not the total world economy for some reason.

scarabic,

LOL yes I did the same math. Dude had one wish and he blew it!

“No please, Mr. Genie I meant .000000001 not .00000000001%!”

Genie: so $5,000? (Snaps fingers)

SatansMaggotyCumFart,

AI will double the world’s economy so they’re basically giving us an extra 94% for free.

topinambour_rex,
@topinambour_rex@lemmy.world avatar

That’s called inflation.

avidamoeba,
@avidamoeba@lemmy.ca avatar

The world economy cannot double without destroying the planet’s ability to sustain us.

Num10ck,

inagine it like putting the middle classes wealth in a blender.

nilloc,

But instead of a delicious smoothie, it makes that toxic dust like the will it blend videos.

PoliticallyIncorrect, (edited )
@PoliticallyIncorrect@lemmy.world avatar

Better to get that money before the Ponzi fall down…

recapitated,

Weird that an Altman wants all this human to go to something alternative to humans.

carpelbridgesyndrome,

Scam Altman Freid strikes again

mindbleach,

And I want a pony.

_sideffect,

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

mindbleach,

Stonks guy: Art fish Lint gents.

Blackmist,

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.

jay9,

“Accidentally”

A_Very_Big_Fan,

I, too, would like 5-7 trillion dollars

Buttons,
@Buttons@programming.dev avatar

Best I can do is 4 trillion, take it or leave it

BigBananaDealer,

you could donate billions per year and still have a trillion left by the time you died. fuck man what would you even do with that much money?

A_Very_Big_Fan,

Drugs!

I’d probably give Louis Rossman and the institute for justice a trillion each. Rossman would use it to lobby for the Right to Repair movement, and the IFJ would use it to get rid of blatantly unjust legislation like civil asset forfeiture.

Donating a billion to GDQ while they’re live would be pretty funny

long_chicken_boat,

rossman is a greedy influencer wannabe that wants to profit from internet injustices, stop being a fanboy.

A_Very_Big_Fan,

He works for a non-profit organization as a Right to Repair lobbyist, so idk what you’re on about. You’d already know this if you did any research beyond what you probably heard on Twitter.

If you think he’s “greedy” for using his AdSense and MacBook repair money to create tutorials/Wikis for circumventing anti-repair measures and spreading awareness about unethical tech practices, idk what to tell you.

mindbleach,

One dollar for every point in a Do DonPachi run.

Hell, have them bring back the week-long after-show, just for stupid challenges you made up. $5000 for every game PJ can go out-of-bounds in, in twenty minutes. Four-person race to blindfold Ornstein & Smough. Mitch beating every NES SMB game while holding his breath underwater.

At some point just fly everyone out to the old Nickelodeon Guts course - which you’ve purchased and restored with approximately 0% of your fortune - to have these exuberant dorks compete on entirely different nostalgia-bait. You could probably split them evenly into Team Cishet and Team Queer. Well, okay. Team Queer might need to spot them a few bisexuals, to keep team size balanced.

DeepGradientAscent,
@DeepGradientAscent@programming.dev avatar

“Not even a Hot Pocket?”

nutsack, (edited )

hell yeah feed the beast let’s all turn into weird little egg holder things

homesweethomeMrL,

I dunno, I see his picture on an article and I expect it to be bad news.

And it is.

vane,

1 Googol dolars

afraid_of_zombies,

Well at least no one can say he isn’t ambitious haha

leanleft,
@leanleft@lemmy.ml avatar

i thought this was reddit when they sell all our content to fuel openAI. lol

hglman,

Here at lemmy is open and free to everyone!

Kolrami,

It’s much easier to do that with Lemmy. It’s simply less useful because there are fewer users.

leanleft,
@leanleft@lemmy.ml avatar

idk. yeah… probably.
all (public) platforms are fcked.
but at least it provides value to users.
like: piracy, anonymity, and foss software.
also general info and news.

atrielienz,

How do they plan to pay that back? Because investors will want a return on investment.

Blackmist,

That’s the neat part…

SpaceCowboy,
@SpaceCowboy@lemmy.ca avatar

They will use it create a LLM that will create more hype for “AI”. This will drive future investment and make line go up.

Nobody needs to make products anymore. You just gotta create hype to get the attention of the billionaires since they’re the ones with all the money.

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