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.
To be fair we have scare articles galore every day about how this is all ruining the world and killing artists, because fear sells. Meanwhile millions of people like you and me are quietly using this tool to improve our work.
When we compare the relative weight of the two, let’s take the media scare avalanche out of it and just use our personal experiences to judge. I am currently being measurably helped by genAI, and not measurably hurt by it. I just read articles daily about how I’m going to be killed in my sleep by in any second now…