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I mean, when multiple countries are signing on, I think it’s gonna be fine

• lelanthran 1y ago
  > I mean, when multiple countries are signing on, I think it’s gonna be fine So? They're not paying for it, are they? From what I can tell in the link I posted (and this could be wrong, so corrections welcome): 1. The project needs ~$100b (although a fraction of that will be sufficient to get the first deployment online) 2. OpenAI and Softbank have each committed ~$18b 3. OpenAI is trying to raise ~$40b to stay in business 4. The majority of that ~$40b is coming from Softbank 5. Softbank has ~$30b cash on hand and is syndicating at least ~$10b in investment for the OpenAI raise. 6. OpenAI has projected a burn rate of ~$40b/year by 2028. To me it looks like Software is committing $30b to OpenAI + $18b to Stargate. OpenAI, if the raise is successful, will receive $40b over a period of time of which $22b will be available to OpenAI if they make good on their commitment of $18b for Stargate. Which means that OpenAI needs, in the next few years, $40b/year to run, but will only have $22b after they meet the Stargate commitment in the coming year, leaving them short of operational cash and requiring a further round of investments.