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> OpenAI chief pursues investors including the U.A.E. for a project possibly requiring up to $7 trillion 7 Trillion? The U.A.E's GDP is only 509 Billion [1] ..
by rKarpinski 3y ago
> OpenAI chief pursues investors including the U.A.E. for a project possibly requiring up to $7 trillion
7 Trillion? The U.A.E's GDP is only 509 Billion [1] ... Something seems off with those fundraising numbers
[1] https://en.wikipedia.org/wiki/Economy_of_the_United_Arab_Emirates https://en.wikipedia.org/wiki/Economy_of_the_United_Arab_Emi...
- skybrian 3y agoI doubt they would be the only investor.
- fbdab103 3y agoYou think multiple nation states will commit their entire GDP?
- aeonik 3y agoMy mortgage was 3 times my gross household GDP.
- moralestapia 3y agoWait, you really think multiple nation states will commit their entire GDP?
- fbdab103 3y agoA house is an asset which can be liquidated for ~the price of the note (black swan dependent). Moonshot R&D has a long history of leaving unlucky investors bankrupt.
- FredPret 3y ago509 Billion here, 509 Billion there, soon you're talking real startup capital
- mmmmmbop 3y agoSaudi Arabia's GDP is only 833 billion, but Saudi Aramco's market cap is 7.43 trillion. This is just to show that GDP is not necessarily reflective of investment power.
- rKarpinski 3y ago> Saudi Arabia's GDP is only 833 billion, but Saudi Aramco's market cap is 7.43 trillion. Wrong currency. Saudi Aramco's market cap is around 2T USD. But in terms of investment power Saudi Arabia's Sovereign Wealth Fund seems more relevant & that is only 776 Billion
- moralestapia 3y agoI don't think they would be willing to wipe off their entire economy, reserves and history (sort of) in exchange for some fancy chips that will go obsolete in a few years.