OpenAI CEO Reportedly Pitches $7 Trillion AI Funding Project
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Sam Altman, the CEO of OpenAI, is reportedly in talks with backers, including the UAE government, to secure funding for an initiative that focuses on increasing chip-building capabilities and AI power. The project could require a fundraising amount between $5 trillion to $7 trillion, a sum that exceeds the current global semiconductor market worth $1 trillion.
Altman's vision of reducing the scarcity of AI chips used to train large language models (LLMs) could mean raising between $5 trillion to $7 trillion.
The amount of money involved in the fundraising effort is exceptionally large and would exceed the combined market capitalizations of Apple and Microsoft. It is also greater than the national debts of some major world economies. Altman's initiative faces a significant challenge in gathering the required funds, but the rapid growth in demand for generative AI tools suggests there may be promising opportunities.
Such a figure would be 'outlandishly large' by the standards of corporate fundraising and more than the national debt of some major world economies.
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