Science & Technology

OpenAI CEO Reportedly Pitches $7 Trillion AI Funding Project

The media reports that Sam Altman, CEO of OpenAI, is currently pitching an artificial intelligence project to investors, the cost of which is several trillion dollars.

OpenAI CEO Reportedly Pitches $7 Trillion AI Funding Project

At the end of last week, journalists reported that the head of the mentioned firm, which developed the world’s most popular chatbot based on machine intelligence called ChatGPT, is in talks, including with the government of the United Arab Emirates, about raising funding for the implementation of an initiative that increases global opportunities to create chips and use the potential of systems of digital thinking.

The media, citing insiders who are aware of Sam Altman’s plans and intentions, have released information that the CEO of OpenAI has a vision to reduce the shortage of artificial intelligence microcircuits, which are used in the training process of large language models. According to preliminary information, the implementation of this plan may involve raising investment funds for $5 trillion to $7 trillion.

In this case, Sam Altman sets himself a more than ambitious goal, the process of achieving which, with a high degree of probability, in some sense will become something like an attempt to overcome the impossible. According to analysts, the financial volume of the global semiconductor market, if the current trends of its existence continue to be implemented, will reach $1 trillion by 2030. Against this background, Sam Altman’s goal may seem like a kind of dream that arose in the epicenter of the worldview system based on fantastic visions, but the initiative of the head of OpenAI should not be interpreted as a project doomed to failure. Even the lowest probability of implementation of the plan does not mean that there is no possibility of materialization of intentions.

The estimated raise of funds is prohibitively large in terms of corporate standards of such procedures. Also, the amount of $7 trillion exceeds the public debt of some of the largest economies in the world. Moreover, this amount is more than the combined market capitalization of technology giants such as Apple and Microsoft.

It is worth noting that information about Sam Altman’s plan and the financial aspect of its implementation is preliminary and so far exists only in the format of insidies.

Currently, there has been a growing trend in global demand for generative artificial intelligence tools, including ChatGPT from OpenAI. At the same time, Andy Hock, senior vice president of products and strategy at the AI accelerator company Cerebras, said during a conversation with media representatives that the ChatGPT light bulb went off in everyone’s head, after which artificial intelligence and modern deep learning found themselves in the space of public discourse.

Generative machine intelligence models are capable of solving several tasks, including, for example, simulating time series data. These models also classify languages and apps. Moreover, generative artificial intelligence can become an assistant to researchers developing new pharmaceutical treatments and predict the results of applying appropriate practices. The space of using machine intelligence does not end there. Many analysts predict that artificial intelligence will be embedded in all or almost all spheres of human activity.

The media published information about Sam Altman’s global initiative after it became known that at the end of last year, OpenAI’s annual revenue exceeded the landmark of $2 billion, which is an important milestone in the company’s history. Against the background of this result, the ChatGPT developer has increased its competitiveness with such technology giants as Google and Meta.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.