OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion
OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion
OpenAI CEO Sam Altman is said to be in talks with investors about raising between $5 trillion and $7 trillion in a new funding round.
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.