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.
They’re as close as theranos was, just need the money and “two more years”.
theranos never changed the world, openai already has
Eh, not really in a positive way yet. I use it for quick code snippets but it’s not all that important compared to the fact that misuse of generative A.I. is making so much information on the Internet completely worthless. I don’t think the trade-offs have been worth anything we’ve seen yet.
I’m bullish about a lot of generative A.I. use cases long term but they haven’t accomplished much positive yet and there’s still major, major scaling issues that may not be solved soon. It could easily be like self driving cars where progress stagnates. A lot of times with software, the first 80% is easy and the last 20% takes a decade longer than people expect.
Removed by mod
That change has mostly br a bunch of empty promises. There is no AI yet, there is machine learning, which is just an ingredient. As impressive as they are, they’re mostly useless
Machine learning is AI
I don’t know if creating and tying yourself to a bubble that’s inevitably going to burst is exactly a great way to change the world.
It’s a great way to make a fat pile of cash though.