Sam Altman and Elon Musk in “The Bidding Game”
Elon Musk and Sam Altman share the stage in 2015. Michael Kovach/Getty Images for Vanity Fair
A report this week that OpenAI CEO Sam Altman is seeking to raise as much as $7 trillion has many tech industry observers puzzled. This amount easily exceeds the market capitalization of any company, including Microsoft, which recently reached $3.1 trillion and overtook Apple as the most valuable company in America.
Of course, Microsoft has benefited from the boom in AI started by ChatGPT maker OpenAI, in which it is the largest investor. But as AI makes its way into how we work and play in the coming years, Altman foresees a problem: an insufficient number of AI chips and chip-making facilities.
With this in mind, he is seeking to raise large sums of money from wealthy investors around the world for a project that will boost the production of artificial intelligence chips. the Wall Street JournalSpeaking to unnamed sources, she reported this week that Altman wants between $5 trillion and $7 trillion for the project, where OpenAI, investors, chipmakers and energy suppliers would collaborate to build chip foundries.
The amount is diminishing, as magazine Note the size of the global semiconductor industry today.
Sam Lesin, a Silicon Valley investor and early Facebook executive — who is running for a position on Harvard’s Board of Overseers, an effort backed by Meta CEO Mark Zuckerberg, a former classmate — is considering fundraising at mail Friday entitled “The Age of Absurd Capitalism.”
When trillions are sought in fundraising, “you have to wonder what happened to society/our system,” Lesin wrote.
He spoke about Tesla and SpaceX CEO Elon Musk, writing: “I’m not begrudging Sam’s showmanship per se — it’s just an extension of the game Elon played with ‘self-driving cars around the corner’ or ‘Mars around the corner’ From us. 2024.
Read more: Sam Altman sheds light on the spat with Elon Musk: ‘The closer people are pointing in the same direction, the more contentious the disagreements are’
In 2020, Musk said SpaceX’s first crewed mission to Mars could launch as early as 2024. Two years later, he pushed that back to 2029.
“Sam is just playing a game of one-upmanship,” Lesin wrote. “Starting with the fear-mongering artificial intelligence, and when that runs out… let’s come up with as many as we can think of.”
AGI stands for Artificial General Intelligence, a hypothetical type of artificial intelligence that can do any task a human can. Altman has spent much of the past year warning world leaders and others about the potential dangers of advanced artificial intelligence, an exercise that has also helped drive interest in OpenAI’s products. the Financial Times It was reported this week that OpenAI’s revenue exceeded $2 billion on an annual basis.
The danger, Lessin suggested, is that capitalism, rather than being the invisible hand guiding us, “turns into a game of ‘stuff’ versus discipline’.”