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I'm out of the loop - what 7 trillion fundraising ask? Could someone summarize the context?
by thih9 3y ago
I'm out of the loop - what 7 trillion fundraising ask? Could someone summarize the context?
- adontz 3y agohttps://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... OpenAI CEO Sam Altman is in talks with investors to raise as much as $5 trillion to $7 trillion for AI chip manufacturing Altman has reportedly met with a range of potential investors worldwide, including sovereign wealth funds and government entities, notably the United Arab Emirates, SoftBank CEO Masayoshi Son, and representatives from Taiwan Semiconductor Manufacturing Co. the prospect of substantial UAE investment in a key tech industry raises potential geopolitical concerns, particularly regarding the US government's strategic priorities in semiconductor production and AI development.
- osmsucks 3y agohttps://www.reuters.com/technology/openais-altman-talks-raise-funds-chips-ai-initiative-wsj-2024-02-09/ https://www.reuters.com/technology/openais-altman-talks-rais...
- teamonkey 3y agoIn answer to why you're out of the loop, there have already been multiple threads about this on HN but none of them have remained on the front page for more than a few minutes.