From Fortune:

Tech industry observers were surprised to hear that OpenAI CEO Sam Altman wants to raise up to $7 trillion, more than the market cap of any company. The goal is to address a looming shortage of AI chips and facilities in the years ahead.

He’s seeking investment from wealthy global investors to build chip foundries to produce AI chips. The amount On the higher side, but the company has become one of the largest AI investors.

Silicon Valley investor Sam Lessin questioned the scale of Altman’s fundraising efforts, suggesting that it reflects a real problem in society. Elon Musk, CEO of Tesla and SpaceX, was also compared to Altman, both accused of playing “a game of absurdities.”

Last year, Altman had warned of the potential dangers of AGI, accelerating interest in OpenAI’s products, which have surpassed $2 billion in annual revenues. Concerns have been raised that capitalism is becoming a game of “absurdities” versus discipline.



Read more: Sam Altman, Elon Musk in ‘game of one-upmanship’