Sam Altman's $7T chip dream ambition

CNBC's Deirdre Bosa joins 'Power Lunch' to report on Sam Altman's eye-popping chip dream. CNBC's Steve Kovach and Kristina Partsinevelos also participate in reporting on OpenAI custom chips and big Tech. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@vallabnayak6838]

No, Sam Altman is not trying to raise $7T in funding. What he said was that the sum of all the investments, from data centers to land and other infrastucture, would need to be somewhere in that ballpark for a venture like this to succeed - that too, over a span of many years. This includes investments made by partners (like Microsoft) and governments. That is not all that unreasonable. CNBC needs to do a basic fact-check before they have a panel discussion on something like this.

[@religionisapoison2413]

You just defined what funding is lmao. Did you ask chatgpt to write an argumentative comment that agrees with the video while also trying to prove them wrong?

[@OmniKoneko]

@@religionisapoison2413 But the difference is that the news is treating it as a 1 time payment, you wouldn't calculate all the different investments including stocks over the course of 20 years with Apple as a single investment/funding, you would see what their funding was annually, which is how we calculate everything. When people talk about our taxes funding things, we think about it annually. And usually on plans it'll say the time frame of which how long the funding will be given, for example if the US Defense got 1 Trillion dollars, it'll probably be over the course of the next 5 or 10 years, not just a lump sum. As well, that was just an estimation by Sam.

[@dr.dillon5311]

@@religionisapoison2413please shut up you sound stupid. 🤓

[@Settiis]

Asking msm to do fact checking? That’s too much to ask.

[@mannipple]

If the number was too small to fit on the screen couldn’t you just lower the font size?

[@vectoralphaAI]

Yes, but would make it less easier to see.

[@jasonmartinez9051]

@@vectoralphaAI Less easier or more difficult? ;)

[@gogizgurev]

Thats is why we need the advanced AI chips to know to change font sizes

[@itsvictoroyedeji]

7T isn’t likely going to happen. But 1T is…which might be his goal all along. 7T might just be an “anchor” number to set the stage.

[@danny_invadio]

That's actually a really great point. I was thinking "WTF is this guy smoking." You could make 175 TSMCs with 7 Trillion. But.. 25 seems more reasonable.

[@Username-ct9fe]

​@@danny_invadioTSMC is worth 500b, so it would only be 14 TSMCs worth, not 175

[@danny_invadio]

@Username-ct9fe yeah it's worth that much but chip factories cost like 40 billion to make. Makes no sense to calculate the cost based on the company sales or revenue. You calculate the startup cost based on the asset values, legal/ip, the salaries, insurance, etc. Not sure anyone calculates startup costs based on incumbent company values.

[@hunter98764]

"But 1T is..." No it's not. $1 trillion is roughly 6x the TOTAL amount of money invested in ALL STARTUPS globally last year. You cannot raise this amount of money via Venture Capital. Not even FAANG could do such an investment - it's 3-4x their combined total cash-on-hand. Heck, not even the US government could finance this as it would be 17% of the national budget (by contrast landing man on the moon maxed out at 4.4% of the US national budget). Totally nuts to think he could raise a trillion dollars or anything close to that.

[@Riddick-]

Understood but with world “debt” of 300 T , 7 seems nothing to achieve to something that “all” will “benefit”

[@Martin_Logan]

Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it

[@GabrielWyatt-yj3bq]

What opportunities are there in the market and how do I profit from it?

[@Martin_Logan]

​@@GabrielWyatt-yj3bqYou can make a lot of money from the market regardless of what occurs, whether it strengthens or crashes. The key is to be well positioned, and that's what matters most.

[@GabrielWyatt-yj3bq]

​@@Martin_Logan I will really like to know how this things actually work

[@Martin_Logan]

​@@GabrielWyatt-yj3bqAll you need to ensure success is a solid capital base and the expertise of an expert.

[@GabrielWyatt-yj3bq]

​@@Martin_LoganDo you have an idea of any good broker I can start with?

[@stephenmcallister2169]

crazy times. you can literally pick 3-5 Chip stocks and become a millionaire in the next decade.

[@verzeda]

Just in time for money to lose all worth and meaning

[@MrNote-lz7lh]

@@verzeda Hopefully, that'd be the good ending. But if not millions of dollars would be great to fall back on.

[@nownomad]

Sounds like a great pivot for oil nations. Genius move by Altman. Getting so much exposure and excitement about something that’s their core business.

[@BuildNumber42]

I hope Sam's 7 trillion dollar computer can find a way to cure all diseases including aging. I'm so sick of this curse we live in.

[@amalxavier5102]

But what if the oil nations misuse it?

[@BuildNumber42]

what if the CIA misuses it?@@amalxavier5102

[@khalil-wc4bs]

@@BuildNumber42 some think of it as a curse , some think of it as a blessing .

[@danny_invadio]

It's actually a dumbshit move. 1 chips are not his core business, and 2, even if he could pull this off, he would collapse the chip economy, there would be so much chip supply that the cost of chips would tank and the factories he invests in would not be able to support themselves without more subsidies which would require governments printing money. The amount of inflation from this project would be ridiculous.

[@EvaAgnieszka]

Put it out there , That the stock market is dead. Save me the stress of trying again.

[@queenrobert-un3pi]

Nah stock market isn't dead at all.

[@queenrobert-un3pi]

You probably facing hard luck or mismanagement.. One of these are correct.

[@PatrickJoules]

​@@queenrobert-un3pi Correct it's always down to mismanagement. I understand the difficulty trying to play it by yourself.

[@PatrickJoules]

Developing a robust plan to control a stock market crash involves strategic considerations for minimizing losses.

[@TheresaPeter-wi7qi]

effective financial management during a stock market crash is crucial.

[@oliviaralston1]

You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires,.,.,.

[@emrekutluguler4817]

I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me

[@patriciapasterick7396]

​@@emrekutluguler4817Wow, this is really amazing. How do you come about it

[@julieaaustin5698]

I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings

[@patriciaporteousmcclure2509]

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

[@antoniacollu287]

You’re right but a lot of people remain poor due to ignorance

[@vectoralphaAI]

After seeing OpenAI's new model Sora. Give it to them. They deserve the money. They will make AGI. It is close.

[@Valentyn90A]

No, they will not xD

[@NineSeptims]

AGI is many decades away but chips like this bring it closer.@@Valentyn90A

[@tigerrx7]

Power companies and chip companies. Set it, forget it, drink a glass of piña colada

[@viff_aventure]

Holy sh%#. The guy sure has a lot of chips on his shoulders ever since he survived the coup lol

[@Jerbrown]

haha good one

[@Muller_Andr]

Concerns of a potential debt default in China triggered a market sell-off, impacting both digital and traditional stock markets.

[@FranciszekPawal]

Uncertainty surrounding Evergrande's situation fuels global financial fear as the Chinese haven't clarified their stance.

[@xavier_lucas]

Japanese companies with operations in China, like Hitachi Construction Machinery, saw market value declines.

[@simone_maya]

A potential Evergrande bailout could cause losses for Beijing banks and bondholders, with minimal global impact.

[@xavier_lucas]

I've worked in construction across Asia, mainly Japan and China. The decision on when to pick an advisor is a very personal one. I take guidance from ‘ Monica Mary Strigle ‘ who shorted the Chinese index . she's well-qualified and her page can be easily found on the net.

[@Muller_Andr]

Shorting the Chinese index is a bold move, is this a continuous strategy or just a one time thing and who is this Monica if I may and how did you make such a turn over?

[@thomashen587]

Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me. Thanks so much Naomi Tyler

[@willi491]

Trading in Bitcoin now is the wisest thing to do now especially beginner....

[@matthew54811]

What impresses me most about Naomi Tyler is how well she explains basic concept of winning before actually letting you use his trade signals. This goes a long way to ensure winning trades

[@Vicky23174]

Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.

[@thomashen587]

Seeking her contact info

[@thomashen587]

+197

[@aeromotive2]

that's a GDP of like 20 countries combined... guys nutz

[@no1no1655]

And exactly what we need

[@ran160]

@@no1no1655Sam Altman is a clown

[@jasonapplebaum9871]

@@ran160he’s a visionary. He’s like Steve Jobs and Elon musk combined with a little bit of bezos

[@luisfernando5998]

@@jasonapplebaum9871no he’s just another Sam bankman

[@DynamicUnreal]

@@luisfernando5998 Moronic comment. ChatGPT 4 has been out for one year and still no one has been able to catch up. It’s also an actual product that millions of people have used and you’re comparing what he’s done to some fraudster running a crypto scheme.

[@georgehart5182]

How about no. Sam Altman has enough power and control. Let's fund US based companies with fabs but not just entities tied to Altman and OpenAI. Unless it's raised money that is then given away and has no links to Altman (especially political ones), it's not the best idea ...

[@NemoNobody0]

"We could barely fit it on screen" - if just someone had invented font sizes yet

[@MsDomsim]

"we could barely fit it on screen in a font size which makes it readable for our viewers" just doesn't go off the tongue so well

[@idi8there7]

@@MsDomsim Just let him have his moment man

[@NemoNobody0]

@@MsDomsim readable from 20m away? Maybe it makes sense to you, for me it’s just sensationalism.

[@WeylandLabs]

Logic doesn't make for a good story line, hyping it up towards consumerism and fools eat this up !

[@GD-8]

@@MsDomsimA report about $7T in chips and he focuses on a single unrelated line about the screen. 😅 Just let the boy enjoy his little sarcasm.

[@WT83]

This is like Dr. Evil asking for $100B in 1969

[@walden6272]

Yup.

[@Autovetus]

You can say that again !!

[@telesniper2]

More like Ken Lay in 1999 or Jeffrey Epstein in 2019

[@Dave-ru8un]

Nope even worse, since 100B in 1969 is equivalent to 840B today.

[@MatthewMS.]

I swear to god I looked at the 7,000,000,000,000 number and my mind went to dr evil saying “…one MILLION dollars 😈” then immediately saw this comment lol 😂 🙌🏼. Gotta watch that movie clip now.

[@Ha1a_r]

Can someone explain to me who semiconductor becomes national security issue?

[@TwinTailsRyu]

countries producing them could potentially keep them to themselves or hoard stockpiles while restricting supply to other nations. semiconductors will be needed to build the massive computing required for AI advancements

[@RohanAirsoft]

They are a national security issue because every weapons system is computerised and that requires chipb fabrication. Missiles, jets, warships, radar, communications, satellites, tanks, etc. This should be obvious.

[@stonedog1000]

You don't need the whole 7T all at once. A US public/private consortium could do this over 10 years. All the chip designers and fabricators have an interest in this as do the software and consumer product companies. Make this open source; the winners will self select with manufacturing efficiencies and software development. Establishing standards and interoperability allowed the PC explosion. This could be similar ,only capital is pooled, and the result more transformative and important to national security. You want to be invested in the potential leaders, now.

[@hunter98764]

A US public/private consortium could not realistically do this. Let's say he wants $1 trillion per year over 7 years: $1 trillion is roughly 6x the TOTAL amount of money invested in ALL STARTUPS globally last year. You therefore cannot raise this amount of money via Venture Capital. FAANG couldn't do this investment either - their combined total cash-on-hand is c$400bn. Not even the US government could finance this as $1 trillion would be 17% of the national budget (by contrast landing man on the moon maxed out at 4.4% of the US national budget).

[@thomashelby8130]

It means demand for ece engineers would increase.. please someone guide , i am going to pursue ece engineering.

[@robertfrank6058]

Honestly $7 trillion is not serious. Nobody just asks for this kind of money. A company has to prove itself the whole way up and gets funded in stages. Not sure why CNBC are being fooled by this story.

[@isaaceigbiremolen1825]

Spot on buddy ; but I think they talked about it in a degrading manner

[@EthelbertCoyote]

Well the chips act as I understand it have no yet really begun to spend, this is so out of scale with need at the moment though?

[@ronaldmcdonald3965]

Let's Party Like Its 1999............

[@pedroflexing]

What happened after the party? 😅

[@ronaldmcdonald3965]

@@pedroflexing Drink really heavily in our tears of sorrow

[@3EBstudio]

As long the music doesn't stop lol

[@ronaldmcdonald3965]

@@3EBstudio Bye bye American pie

[@timtasch1015]

This time everything is different, we'll all get rich ;)

[@VanPelt54u7fcyde57]

This hype about AI should take NVIDIA's valuation to $10T by end of the year if not more! what are the best additions for a $500K portfolio to enhance the overall performance of my portfolio this year.

[@Andreallln]

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire.

[@dogmom-pt5we]

True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.

[@jamesfriedrich1150]

@@dogmom-pt5we Mind if I ask you to recommend this particular coach you using their service ?

[@dogmom-pt5we]

@@jamesfriedrich1150 Bella Mia Darmon is the licensed fiduciary i use. Just research the name. You'd find necessary details to work work with a correspondence to set up an appointment.

[@jamesfriedrich1150]

Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.

[@YouTubianGuy]

The anual military spending of ALL countries on the globe combined was 2.2 Trillion USD last year. Or in other terms, 7 Trillion is the combined GDP of Germany and Japan. Two economicly strong countries.

[@GerardButIer]

Strong? 😂

[@grzegorzowczarek3016]

@@GerardButIer you don't judge economy of the country just by judging last year performance. That's about Germany. And in case of Japan, yeah, Japan economy do not grow for long time, but whatever. It's an extremely wealthy country in comparison with most economies. Same for Germany. German and Japanese economies are enormous.

[@GerardButIer]

who said i was judging by last year? For countries who are not facing political turmoil or war their economies are pretty meh @@grzegorzowczarek3016

[@deleted-something]

@@GerardButIer?????

[@GK-qc5ry]

The US would not allow a hypothetical chip of this scale not be owned and operated by them due to national security reasons. Might be a play to get the US to cough up but settle for alot lower number.

[@WHYsauce]

He’s looking for that fighter jet and aircraft carrier r&d level of money 😭

[@keyser021]

The US currently buys 80% of their GPU chips from the Republic Of China. Do you even own a map?

[@GK-qc5ry]

@@keyser021 Taiwan not China if you know your facts with import restrictions on China. Second is South Korea so not sure where your facts are coming from.

[@kevinnugent6530]

TSMC is definitely in the mix but they are exposed to the risk of China moving on their claim to Taiwan.

[@BenTodd-fl8nv]

With around $120k invested in tech/TSLA stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.

[@Debbie.Burton]

Prioritize two goals: strategically sell stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.

[@benitabussell5053]

Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.

[@HarrisRyan-oy8eo]

Since 2019, my portfolio has shown little growth. I'm considering consulting the advisor who assists you; I'm eager to enhance my retirement fund, especially as I plan to retire in three years.

[@benitabussell5053]

*Natalie Marie Gentry* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@A_francis]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@nick5926]

this is a scam

[@Soundcore-cd7uz]

Where in the world can you run with $7 trillion..

[@shejednwjsfj2064]

Why the hell would they go for 7 trillion then lmfao, last group you would want to scam would be global powerful government led sovereign wealth funds. It’s a crazy idea that will probably fall through but definitely not a scam

[@Apocalymon]

​@@user-lm4nk1zk9yit's Adam Neumann's WeWork again. TSMC & Samsung are already using AI to layout their fabs, chips, & improve their lithography process. Niche AI chip designers have been using AI for at least 3 or 4 generations cycles. Sam's brain is just on a high; Sam will get funding though from people who overhype him. He already has a cult of personality following. You're welcomed to dikride him if you want.

[@francisco444]

How is it a scam?

[@Steph1]

He’ll probably get it from the government, meaning we’ll all pay for it without getting a vote on it

[@suibinzhang6782]

if the $7T chip can make me and a lot of others retire with good life, I will chip in my share.

[@chrisrogers1092]

Don't forget to buy the dip

[@stant7122]

It will just make the rich get richer and the poor get poorer

[@vinvin8971]

Remember Binance ???

[@nunyabisniz8047]

it will probably make you retire in a dead economy lol

[@swiss9495]

LMAO! @@chrisrogers1092

[@johnjakson444]

As a retired chip design engineer with decades experience across many IC fields, I find myself utterly bemused by so many people talking about this who are clueless about the field. No mention of ASML that I saw, at least as important as TSMC Perhaps if a 1000 semiconductor guys like me had access to a few $M each and let them start up design shops similar to what happened when all the Fairchildren left Fairchild 50 years ago with the intent to create something like the T2 chip found inside the Terminator or do whatever tickles their fancy. Also I think the future of AI will go with RISC V and not ARM, sorry ARM Inc/PLC/whatever

[@trollingpcgames]

The biggest Sovereign Wealth Funds don’t even have the $7 trillion dollars he is asking for… the biggest fund is 1.5 trillion dollars which is no where close.

[@lifeiqglobal]

That's insanity. $7T can end world hunger, global poverty, and pollution. To not fix this issues first before advancing society is futility.

[@DivinesLegacy]

Advancing society could fix these issues

[@sara69xd]

Read moores law for everything by sam altman

[@delxinogaming6046]

‘Strategic Chip Reserve’ incoming

[@kingriversea]

Fascinating

[@willberry6434]

Proposal shows just how outlandish this is. He has no experience with the semi fab space

[@cate9963]

Exactly. He doesn't know enough and even AI can learn quickly, the building of factories to meet the manufacturing capacity required will take up most of the money already. The bottleneck lies not in knowledge but in execution and the execution comes from suppliers of all directions. It is not as simple as having AI learn something but it relies on having the network of suppliers outside of the chip company to make things work out!

[@cylovetube]

Not only the fab, he even has no ability to build the server hardware system. It's dangerous when someone is too successful in some specific area and thinks he can do anything.

[@justinkaunda2964]

Respectfully, stfu. you woulda said the same thing before he started openAI that he has no experience blah blah and look at him now. He will find people who have all the experience, stop thinking small

[@dejanrobi1259]

I bet Sam will pull off this thing. If you have this money and a good CEO like Sam, all you need is hiring the best people in the world. The best intelligent minds that have done this and money has been a limiting factor to them. #never underestimate Sam Altman

[@dejanrobi1259]

These oil nations have been looking for a pivot. And Sam being a genius saw the opportunity and pounced on it. He will get all this money, the UAE will get a new source of income in a thriving market that they've been looking for and some will become a trillionaire. When you see a genius making moves, get on and ride the wave. Never underestimate someone like Sam Altman.

[@nuterra9143]

Lol companies are starting to throw out Sci-fi numbers for money. Like this is a Star Wars company building space ships.

[@Apocalymon]

This is giving me Adam Neumann WeWork vibes. Also, TSMC, AMD, Nvidia, & Samsung are already using AI to develop their chips &/or fabs. Even dozens of lesser-known chip designers are using AI to design next gen AI accelerators. It's been going on for a few years now. The TechTechPotato KZbin channel covers this. Also, he's probably asking for 7 trillion so he could settle for something somewhere in the range of 1 trillion & a half. But, it's also possible he's delusional with his own hype - it happens.

[@jensenraylight8011]

yes, my thought exactly, i smell a big bad Crash vibe coming from him.

[@Apocalymon]

@@jensenraylight8011Most or maybe all AI companies are not profitable yet, due to power consumption. They're in that stage where venture capitalists are throwing money at them. AI is not fluff like NFTs or the MetaVerse but it's still overvalued. Still has more use than the blockchain. If AI does succeed, it will rapidly devalue itself through mass manufacturing & copy/pasting its software & global competition amongst AI companies.

[@krystofaser4229]

2 me its is giving more like: world over-loard & CEO of the entire planet enslaved to his army of ai - type vibes

[@davidebic]

Like how better computers each generation have been used to be able to make the next generation come true, the same is happening with AI.

[@zvorenergy]

Fusion Power is the energy source of the future, and always will be. AGI is the...

[@navyxxl6697]

Do not rush to give too much money/power to develop the beast !!!!

[@GraphicHut]

It’s a headline. Could have said a ZillionZillion and it would have meant the same. 😂

[@RaidersXI]

When has one billion not enough? 7T is just bonkers. A Million is like chump change for these people now.

[@mrsebastianhendricks]

What about ICP! think this could also be a powerful asset to bridge the gap between compute and ability

[@Midg-td3ty]

lol

[@ratnasingh101]

1. One Chip for Brain 🧠 2. One Chip for Eyes 👀 3. One Chip for Nose 👃 4. One Chip for Mouth 👄 5. One Chip for Heart ❤️ 6. One Chip for Stomach 7. One Chip for Kidney 8. One Chip for D**k 9. One Chip for Butt 10. One Chip for Legs 🦵 etc.. ......😊

[@DKBOsei00]

what does this mean for the stock market?

[@hlleung]

Ask J Powell to run the printer to print more USD dollars 😊😊

[@jacknguyen5677]

Printer can’t print fast enough…

[@wakeupamerica2024]

Printers take too many resources. They just move decimals in a computer now. Bam modern monetary theory.

[@dogmoo]

he's spent 2 years going in the opisite direction. The comment doesn't make any sense anymore. It's you're complaining about the taste of crystal coke.

[@wakeupamerica2024]

@@dogmoo your comment makes no sense. Are you schilling for the Fed? Are you really defending Jerome Powell?

[@hisham1269]

i have around 10$ extra, can i contribute?

[@GGG9924]

Best I can do is Tree Fiddy

[@dejanrobi1259]

I bet Sam will pull off this thing. If you have this money and a good CEO like Sam, all you need is hiring the best people in the world. The best intelligent minds that have done this and money has been a limiting factor to them. #neverunderestimateSamAltman

[@mr.electricitytypeiii7160]

bruh stop spamming

[@georgehart5182]

Bot

[@theone3129]

This can mean only one thing, AGI is coming very soon!

[@krishhhhhhhhhhhhhhhh]

If this materialises, yes. Humans will be rendered useless.

[@vectoralphaAI]

The exponential pace of progress in AI seems to prove so. Have you seen OpenAI's new model Sora? It's incredible and just another step closer to AGI.

[@mehnameehjeff6325]

They probably already have made AGI, and need the 7 Trillion for ASI. That is enough money to buy and fill a 10 million square ft building wall to wall and floor to ceiling in quantum computers and AI processors.

[@Shiusen]

Not as nuts as most people think. It's coming.

[@RaniVeluNachar-kx4lu]

Sounds like SKYNET.

[@vectoralphaAI]

That's a company I'd work for.

[@Continentalmunkey88]

8:45 Azure space, oracle, Chengdu

[@leonlee877]

Why are we in such a rush to make ourselves obsolete?

[@ramanne5962]

make knowledge and logic economy obsolete....😂

[@pickywolf2728]

If u still wanna be a slave. That’s u !

[@iceman18211]

Because we're too lazy. Barely anyone works 18h per day anymore :(

[@dylantomasulo4236]

Because life is hard, and with Artificial super intelligence it would be alot less hard. Imagine a world where you can wake up and do what you want to do instead of what you HAVE to do

[@leonlee877]

@dylantomasulo4236 but if AI were to give people the ability to do what they want instead of what they have to do, how would anyone have a consistent stream of income to survive? AI would break a lot of barriers to entry, but that would also mean that there is less lead time for anyone to actually build their own customer base long enough to realize any monetary value before a better idea or a better iteration of what was recently released is made. This'll be the wild west for everyone competing for everyone's attention for money on a much larger scale than what exists now

[@rajeevdsamuel]

This makes those Synthetic Credit Default Swap guys and Bernie Madoff look like angels

[@user-le9kt4us9p]

very interesting!

[@rueychen1882]

The key is not about the money, the key is who is going to make the chip？tsmc has 70,000 employees, and they are practically the only people who can make the AI chip and it is not even enough for tsmc to use. It will take 10 years for an engineering major to get enough hands on experience to involve in the most advanced chip. They do not drop from the sky. The biggest problem with semiconductor is not about funding, not about material and equipment, not about technology, not about water and electricity, it is human resource. Well, maybe in the future when chip will be made by AI robot. 😂

[@no1no1655]

I like that someone has the guts to make this even something to consider. I personally feel Altman has more integrity than Musk, and thus far I believe he is more trustworthy and is actually interested in making things better for mankind.

[@thesadboxman]

Only one of those two was ousted by their board, then came back to oust the same board. Only one of those two turned a non-profit into a for-profit venture. Only one of those two was described by Paul Graham as “You could parachute him into an island full of cannibals and come back in five years and he’d be the king”. Not saying Sam doesn't have integrity, but there's enough evidence to show that he's not achieving these accomplishments by just being the nice guy that the public perceives.

[@Apocalymon]

He reneged on OpenAI's original mission. He's drinking his own kool-aid. He's gonna go off the rail like Elon Musk has in the following decade. He's not evil or a complete idiot but he does seem to be more like an idiot savant.

[@Steph1]

You are familiar with the fact that Musk started OpenAI, and left it because Sam was throwing morality off the priority list?

[@Archeops24]

Are people really believing Scam Altman?? No due diligence in society anymore

[@TheMagicJIZZ]

Yeah sure because Elon who chooses not to retire and chill? But work everyday for 20 years and spends his life to improve humanity

[@Natalieneptune469]

Recently, I've been pondering retirement. I've also want to put $800K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future

[@geraldcoleman3596]

While the stock market is promising, expert guidance is essential for effective portfolio management

[@eastwood224]

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022

[@Robertgriffinne]

Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.

[@eastwood224]

Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services

[@Robertgriffinne]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services.

[@lalodominguez7121]

I'll donate $20

[@whaeverpickaname4750]

ASML and Taiwan semiconductor that is all

[@mastermedicalterms]

end game move

[@thesadboxman]

If you've followed Sam Altman you'll come to the conclusion that regardless of whether he turns out right or wrong, you can never say he didn't think big enough. When Sam was head of YC, he had a vision to fund the entire world of startups. To build chip fabrication in the US will take trillions of dollars. $7T is not off the mark. What he's envisioning will at least be a combination of TSMC, NVDA, and INTC. NVDA is already a $1.78T market cap company. Given the amount of time it would take to build a chip fab from scratch, they'll need more than that alone. At $7T, that's only 4x the value of NVDA. Keep in mind this is at extreme best case a 5 year project. Likely 10 year if on a fast track. They will need $7T for that whole time.

[@id10t98]

Big whoop. I think big too. I think about a water pipeline from the rain forests of the NW USA to the desert SW USA in order to save tens of trillions of dollars in homes and businesses located in areas that may run out of water, like Phoenix, Las Vegas, Los Angeles, San Diego and much of California. I even made a detailed plan of it called the Oregon Water Project in 2009 and submitted it to numerous water agencies and elected representatives from all the states in the plan and here we are today, 14 years later, with Lake Mead on the verge of going into dead pool status because of the lack of water. But hey, Sam Altman and AI, ChatGPT is going to save the day for everyone...with "virtual water" people can drink via their metaverse toaster sized headsets...

[@thesadboxman]

@@id10t98 Definitely admirable, but based on your own story it's clear that nobody else could think as big either otherwise they would have taken on your solution. I hope it's obvious based on your own experience that the bigger you think, the bigger the ridicule. Only time will tell if the ridicule was warranted or wrong. Also, thinking big is only half the game. Executing the big idea is a whole other beast.

[@id10t98]

@@thesadboxman The only difference between the Sous Chef and the owner of the restaurant is the access to capital. If you dont have money or people with money to back your idea, even saving millions of homes and trillions of dollars in farmland production seems like a ridiculous idea and people scoff at the prospect. Until it isnt a ridiculous idea and then millions of people are forced to move en masse, causing economic chaos. But thank goodness ChatGPT can give them ideas on places to move that have sustainable water supplies. glty.

[@thesadboxman]

@@id10t98 That's definitely not true. Being an owner is a different game. You have to make sure the food is good and financials make sense. The bubble from the last few years showed that if you give startups a bunch of money, it won't guarantee their success. In fact, it ultimately served as a detriment. Money is necessary for big projects, but it does not guarantee success. Like I said, execution is the actual hard part. Getting money is relatively easier than getting the job done.

[@walden6272]

Thinking big is the easy part. My idea is to create a new technology that can sustain human existence beyond the limits of its biology. Mankind can be immortals. All I need is 100 Trillions to do this project. Anyone want to donate? So far no one wants to give me money, that is why when humanity dies, it's everyone fault for not giving me the money I needed to save humanity.

[@arisejeff]

Fine…I’ll Venmo you 3.5T but you have to get the rest of the funding on your own Sam

7 TRILLION DOLLARS?

[@LemonCoders1]

Paisa mil gaya kya?

[@SmokingKillss]

How does he justify the returns on such high investment?

[@Landgraf43]

AGI

[@SmokingKillss]

@@Landgraf43 means?

[@Landgraf43]

@@SmokingKillss artificial general intelligence

[@SmokingKillss]

@@Landgraf43 still for 7Trillion investment the investors must get the money back right? You saying AGI will have enough market cap?. And what percentage of that will be captured by his company.

[@Michael-ul7kv]

i can only image they (sam and openai) see an actual path to strong general intelligence but it's going to require an asinine amount of compute that just wont be available for a time to come and are trying to accelerate that.

[@dardanm3544]

Just because we can… should we?

[@mehnameehjeff6325]

That’s enough money to build a Tesla giga factory size building (10,000,000 sq ft) and fill it wall to wall with processors and quantum computers.

[@Js-mw9mj]

Top signal

[@2023gainer]

The Growth in AI and EV both increase Chip demand. FSR ..Fisker. Over 45,000 Ocean EV reservations. Over 33 million shares now trading daily average. SOUN .Up 16 % Today and 14% yesterday ahead of next month s earnings.

[@Stevo1361]

Or create some kind of word based representation of $7,000,000,000,000? Could it be $7 trillion?! or $7T ?! But maybe the font size would naturally increase and then they'd struggle to fit that on the screen as well.

[@dmytrokeller9255]

Sarah Conor, we need you now!

[@Continentalmunkey88]

6:32, count in wrenches, remember boats? Chips tender to talk to in Austin, pondicherry

[@kuokkae]

I mean technically we can do that, just print enough cash out for him.

[@ericp4573]

But these $7t in chips? Wouldn’t they go out of date in like 1 year? What do you do with $7t dollars of garbage chips?

[@lucasb409]

the chipsets you're likely using to comment on this video are probably 2+ years old. Are they garbage? Also. Plenty of vendors sell consumer electronics with tech that are 2 generations old. Intel still produces 12th gen CPUs.

[@Continentalmunkey88]

Palaces, The 8 Trillionaires are in Wimbledon, Tennis but how often will they need Vatican city

[@danesesse]

There isnt a soverign wealth fund with that much money

[@blindfaith8777]

With this quantity of money you would need to account for inflation lol. US GDP is ~$23T for reference.

[@GK-qc5ry]

No chance he gets it. No sovereign would invest that scale of money with unknown returns. How could you possibly estimate an investment of that scale?

[@ajamessssss]

Why would anyone need 7 trillion. Not billion, trillion! To develop AI or Chips?! Everything feels stupid in this.

[@cheese-power]

Correction: Apple can make the chips, but not the modem.

[@andRwhoo]

Just wait till you see the valuation of my dip company

[@JoaoLuis-eh9yl]

AI .. Learning it self ... Government ... Chips ... People using it ... Closed source software ... The world that we know is at is end and the new one you will not be free ... At least at the beginning ... 😢😢😢

[@markdc1145]

Wow, this is just nuts!! Now I'm thinking that Altman should have just gone his merry way a few months ago.

[@vectoralphaAI]

Not nuts. It's great. Would help bring AGI faster.

[@karacticusplay1781]

​@@vectoralphaAI AGI is a buzzword for the common Joe, do a day of research and you will realize how stupid this is and how long a way we still have to go. Even then, 7 trillion is almost twice US' budget

[@vectoralphaAI]

@karacticusplay1781 I have done research and AGI is a big deal that isn't ad far away as you think.

[@Chryeon]

Seems like someone trying his best to leapfrogged into the Trillionaire status 😂😂

[@JigilJigil]

It's ludicrous that the media takes this seriously, $7 trillion!? he is not even going to get 10% of that in a decade.

[@g0d182]

cool

[@alwaysyouramanda]

He knows what he’s got

[@supreetsahu1964]

Elon Musk was right. OpenAI is not operating in a capped for-profit mode.

[@delxinogaming6046]

This is just a negotiation tactic with Nvidia

[@quinnsmith4736]

With out the TSM, it’s just a pipe dream

[@univera1111]

Wrong

[@robindehood207]

What is the end goal? What good will come from it?

[@vectoralphaAI]

The creation of AGI. That is OpenAI's mission statement goal. AGI would revolutionize the world.

[@JojoLannister]

And who is he?? Seriously I had to google him lol.

[@Jay-eb7ik]

You had to google sam altman? are you living under a rock???!

[@JojoLannister]

@@Jay-eb7ikask random people in the street if they know him, vs Elon , Bill gates. Lol

[@robertobarasa4095]

@@JojoLannistermost people who are remotely aware of the AI and wider computing space would know who Altman is lol, any Microsoft fan as well

[@ran160]

@@robertobarasa4095bro said Microsoft fan 💀 anyways that dude is only known for being the ceo of the company that made chatgpt, but that’s about it.

[@Jay-eb7ik]

sure but you made it seem as if sam couldnt ask this amount because you didnt know him, what does that have to do with the investment?@@JojoLannister

[@ItsLloydM8]

S&P500 IT 35/20 and Semiconductor ETF's it is.

[@jinx.love.you.]

bha and who actually produce this stuff ... TSC and INTEL... that's it.. they can design whatever... but then the foundry are 2

[@djayjp]

This literally makes zero sense. To design and fab a new chip design at scale would cost no more than ~$10 billion. I guarantee you this will never happen (because even the concept is utterly nonsensical).

[@samuelappiah8395]

Is this a joke? 😂😂

[@heyfrancis3332]

So I’m not even gonna take the time to listen to this whole article but what I will say is why don’t you go back to last week when everybody slammed Elon musk is $55 billion compensation package but this guy is looking for $7 trillion make it make sense

[@Freelancer604]

I have a confession to make, friends, i had no idea a trillion had so many zeros

[@daneshj4013]

One person's gain is another person's loss.