That's fairly bold to ask for ~6% of the total world economy as well as a sizable chunk of the world's energy.
I was about to ask for the other 94%...
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.
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
i have a business case to become the major player in the chip industry: buy the planet's economy
Good thing the board folded and allowed this to be full for-profit. Getting people reliant on LLM subscriptions is super important for humanity right now.
Another L for Earth, in general.
For perspective, global annual GDP is $105 trillion, which means Altman is asking the world to invest 6.7% or so of the entire world's economic output for one year in his company.
Holy fucking bonkers when you put it that way. Like holy fuck.
Are they that close to something amazing, or is Altman going true Dr Evil megalomaniac?
It's both. Basically, if he's right that this is among the most important tech in world history and deserves $7 trillion in research, it'll make OpenAI the du jour monopolist over said most important tech in world history if he gets it. Outright dystopian.
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.
I wonder if this will be one of the things pointed at after the AI bubble bursts. Yes, AI will be sticking around, but the hype over it now is ridiculous.
The way how every single digital product suddenly has AI shoved in it is really reminiscing of the Web bubble before it popped.
Could that level of investment ever be recouped in any other manner than by replacing vast numbers of workers and their salaries?
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.
Thank God there is trickle down economics. We will all benefit in the end... Right?
$7,000,000,000,000? It's a good thing we won't tax it ever at all in any capacity! Not while there's Single Mothers overdrawn on their Bank Accounts! #SaveTheTrillionaires!
Do they even think about where in a functioning society those trillions are coming from? Do they think wealth just magically appears without affecting the wealth gap?
Why would a corporation consider that? I understand capitalism isn't popular here, but still, the corporation SHOULDN'T be considering such issues, they should only attempt to further their own goals.
It's the role of government to align corporate goals with reality, or with societal values
5-7 trillion and they’ll still end up stealing data from all over the internet.
Can someone ELI5 what's the open in the OpenAI's name at the moment?
I know they released Whisper as an open source model and that's about it, but I might be wrong.
It used to be open, then money happened.
Open for business
Open your wallet /s
I used to think they were unethical scammers.
Now I know for sure.
Just a few more parameters, then the text prediction model will become sentient.
Let's use that money to build an orbital ring instead. Would be cooler and more useful.
You could build a huge, state-of-the-art orbital station for 1 trillion lol
why spend it on some software
It's necessary, to replace humans, fellow human.
Motherfucker is going for the biggest heist of all time. What a colossal waste of money and resources.
$2.92T is current Apple market cap btw
What are we going to do tonight Pinky?
It’s too bad the non-profit oversight board got killed by the for-profit subsidiary. OpenAI is dead on arrival as useful tech. It’s now a vehicle to deceive investors to raise VC cash.
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.
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