Technology

59429 readers

3079 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

485

OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)

submitted 9 months ago by [email protected] to c/[email protected]

220 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 60 points 9 months ago (4 children)

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

[–] [email protected] 29 points 9 months ago

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!

[–] [email protected] -4 points 9 months ago

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

[–] [email protected] -3 points 9 months ago (1 children)

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

[–] [email protected] 16 points 9 months ago* (last edited 9 months ago) (1 children)

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?

[–] [email protected] 2 points 9 months ago

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

[–] [email protected] 25 points 9 months ago

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.