Fri. 02/09 – Sam Altman Wants To Raise $5 Trillion Dollars. With a T.
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 9 February 2024
⏱️ 20 minutes
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| 0:00.0 | Welcome to the Tech Meme Right Home for Friday, February 9th, 2024. I'm Brian McCullough today. |
| 0:09.0 | Sam Altman wants to raise more money for his chip ambitions than the entire semiconductor industry. |
| 0:15.3 | The feds might put the brakes on Microsoft's acquisition of Activision again. |
| 0:19.9 | Is Ring raising its subscription doorbell prices too much and of course the weekend long |
| 0:25.1 | rate suggestions here's what you miss today in the world of tech. |
| 0:29.4 | When I say it sounds like Sam Altman is serious about the hardware end of AI, I mean |
| 0:37.2 | it sounds like he's really serious. Sources are telling the Wall Street Journal |
| 0:41.4 | that Sam Altman is in talks with investors, including |
| 0:45.0 | the United Arab Emirates government, to raise funds for an AI-CHIP initiative that would require |
| 0:51.0 | raising as much as five to seven trillion dollars. |
| 0:54.9 | Let me say that again. |
| 0:56.2 | He's looking to raise five to seven trillion dollars with a T. |
| 1:01.0 | Quote, the fundraising plans which face significant obstacles are aimed at |
| 1:05.4 | solving constraints to open AI's growth, including the scarcity of the pricey |
| 1:09.7 | chips required to train large language models behind AI systems such as ChatGPT. |
| 1:14.7 | Altman has often complained that there aren't enough of these kinds of chips, known as |
| 1:18.5 | graphics processing units or GPS, to power Open AI's quest for artificial general intelligence, which it defines as systems |
| 1:25.2 | that are broadly smarter than humans. |
| 1:27.4 | Such a sum of investment would dwarf the current size of the global semiconductor industry. |
| 1:33.0 | Global sales of chips were 527 billion dollars last year |
| 1:38.0 | and are expected to rise to $1 trillion annually by 2030. |
| 1:42.0 | Global sales of semiconductor manufacturing equipment, the costly machinery |
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