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 a big ass lemonade stand right there. Hey! I need a pair a boots!
…here you go sir!
What? That’s lemonade!
Better to get that money before the Ponzi fall down…
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Scam Altman Freid strikes again
I dunno, I see his picture on an article and I expect it to be bad news.
And it is.
I’m not pretending AI isn’t useful. There is plenty of field where AI helps. But, AI has been the next scam after blockchain, crypto, NFT…
It’s the end of our civilization with falling capitalism. But, capitalism will try to find new ways to make short term profits. We moved from fordism to post-fordism with the enslavement of the cognitive abilities. We entered the next era with all these scams. And entshitification is a symptom of this.
If only someone could have predicted this long-term crisis of profitability within the capitalist system to which no permanent solution existed!
At least AI has something to show for it. Crypto, on the other hand…
Exactly, my job is easier now with chatGPT, not because it’s better at doing my job, it just drafts ideas faster than me. As far as resource usage goes I’m all for it
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
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.
“Accidentally”
That’s fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world’s energy.
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.
That’s called inflation.
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.
I was about to ask for the other 94%…
.000000001 percent of that…. Please
so… fifty bucks?
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)
$100,000,000,000,000 × 0.00000000001 is $1,000!
I’d happily take that
ah, I was starting with the OpenAI’s goal, not the total world economy for some reason.
Nobody seems to recognize that madness is not in numbers, but in people.
The fundraising efforts are part of a broader strategy to address OpenAI’s growth constraints,
see…we just can’t grow without TRILLIONS OF FUCKING DOLLARS
STOP CONSTRAINING ME
AM I BEING CONSTRAINED? OR AM I FREE TO GO?
HELP HELP I’M BEING REPRESSED
maybe just “they” can’t.
probably a bad idea to put those with already too many recource usage, who are living on the cost of society for uncountable generations, in positions to decide anything. maybe.
i have a business case to become the major player in the chip industry: buy the planet’s economy
Feels a bit like that paperclip sim
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Between this and saying they couldn’t operate if they fairly paid authors, I’m getting the feeling that Altman might be as talented of a CEO as Spez and Musk.
That is – if anyone else was making decisions, the companies would be vastly more successful.
I also want to raise $5 - $7 trillion dollars.
Is this the line for $5 - $7 trillion dollars?
I’ll only take 4 million, and pass the rest on. With inflation accounted for, I think that leaves the next person roughly $5 - $7 trillion.
yo lemme hop in this line too. A cool 5-7 trillion dollars could maybe fix my life. maybe
No one needs looms anymore if we have AI.
I am brutally conscious of my obsolescence. Why hath God cursed me so?
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Have you tried gofundme.com
I will donate $50 to theirs if they donate $50 to mine.
Could that level of investment ever be recouped in any other manner than by replacing vast numbers of workers and their salaries?
Yes, think about how computers had multiplicative effect on productivity. The same may be possible with AI.
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
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?
Why would anyone know this fact and attack productivity increases rather than its being decoupled from wages?
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!
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.
Oh, they’re not asking for much, just more than the GDP of EVERY COUNTY IN THE WORLD OTHER THAN THE US AND CHINA
Just a few more parameters, then the text prediction model will become sentient.
