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Introducing that amount of capital would be extremely disruptive for the rest of the market - was it really 7 trillion, or billion?

jedberg 3y ago
Trillion: https://news.ycombinator.com/item?id=39310563 https://news.ycombinator.com/item?id=39310563 https://arstechnica.com/information-technology/2024/02/report-sam-altman-seeking-trillions-for-ai-chip-fabrication-from-uae-others/ https://arstechnica.com/information-technology/2024/02/repor...
belter 3y ago
Yes...They are pulling what is called a Henry Paulson "“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number...”" - https://archive.thinkprogress.org/treasury-explains-how-it-came-up-with-700-billion-we-just-wanted-a-really-large-number-f005be4e3b4e/ https://archive.thinkprogress.org/treasury-explains-how-it-c...
sebzim4500 3y ago
Yes, they really mean trillion. I expect it would be the most resources anyone has ever invested into any single goal, even accounting for inflation.
- Loughla 3y ago
  That makes me wonder the entire global cost of things like world war 2. Anyone have relevant links? I can't find any.
  - gshubert17 3y ago
    Estimates range from about 1 T$ [0] to 4 T$ [1] or 5 T$ [2]. [0] https://www.britannica.com/event/World-War-II/Human-and-material-cost https://www.britannica.com/event/World-War-II/Human-and-mate... [1] https://moneywise.com/life/lifestyle/financial-facts-about-world-war-ii https://moneywise.com/life/lifestyle/financial-facts-about-w... [2] https://www.whatitcosts.com/world-war-ii-cost-united-states-facts/ https://www.whatitcosts.com/world-war-ii-cost-united-states-...
    - greggsy 3y ago
      That involved massive movement of people, weapons, and vehicles, let alone factories and resources. Chip making is expensive, but what do you do with 7T? Buy out every engineer on the planet with half of it, and have them work on problems? Does Altman think he’s Oppenheimer?!

jedberg 3y ago

Trillion: https://news.ycombinator.com/item?id=39310563 https://news.ycombinator.com/item?id=39310563 https://arstechnica.com/information-technology/2024/02/report-sam-altman-seeking-trillions-for-ai-chip-fabrication-from-uae-others/ https://arstechnica.com/information-technology/2024/02/repor...

belter 3y ago

Yes...They are pulling what is called a Henry Paulson "“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number...”" - https://archive.thinkprogress.org/treasury-explains-how-it-came-up-with-700-billion-we-just-wanted-a-really-large-number-f005be4e3b4e/ https://archive.thinkprogress.org/treasury-explains-how-it-c...

sebzim4500 3y ago

Yes, they really mean trillion. I expect it would be the most resources anyone has ever invested into any single goal, even accounting for inflation.

Loughla 3y ago
That makes me wonder the entire global cost of things like world war 2. Anyone have relevant links? I can't find any.
- gshubert17 3y ago
  Estimates range from about 1 T$ [0] to 4 T$ [1] or 5 T$ [2]. [0] https://www.britannica.com/event/World-War-II/Human-and-material-cost https://www.britannica.com/event/World-War-II/Human-and-mate... [1] https://moneywise.com/life/lifestyle/financial-facts-about-world-war-ii https://moneywise.com/life/lifestyle/financial-facts-about-w... [2] https://www.whatitcosts.com/world-war-ii-cost-united-states-facts/ https://www.whatitcosts.com/world-war-ii-cost-united-states-...
  - greggsy 3y ago
    That involved massive movement of people, weapons, and vehicles, let alone factories and resources. Chip making is expensive, but what do you do with 7T? Buy out every engineer on the planet with half of it, and have them work on problems? Does Altman think he’s Oppenheimer?!