Sam AI-Man Puts a Price on AI Domination

February 13, 2024

This essay is the work of a dumb dinobaby. No smart software required.

AI start ups may want to amp up their fund raising. Optimism and confidence are often perceived as positive attributes. As a dinobaby, I think in terms of finding a deal at the discount supermarket. Sam AI-Man (actually Sam Altman) thinks big. Forget the $5 million investment in a semi-plausible AI play. “Think a bit bigger” is the catchphrase for OpenAI.

Thinking billions? You silly goose. Think trillions. Thanks, MidJourney. Close enough, close enough.

How does seven followed by 12 zeros strike you? A reasonable figure. Well, Mr. AI-Man estimates that’s the cost of building world AI dominating chips, content, and assorted impedimenta in a quest to win the AI dust ups in assorted global markets. “OpenAI Chief Sam Altman Is Seeking Up to $7 TRILLION (sic) from Investors Including the UAE for Secretive Project to Reshape the Global Semiconductor Industry” reports:

Altman is reportedly looking to solve some of the biggest challenges faced by the rapidly-expanding AI sector — including a shortage of the expensive computer chips needed to power large-language models like OpenAI’s ChatGPT.

And where does one locate entities with this much money? The news report says:

Altman has met with several potential investors, including SoftBank Chairman Masayoshi Son and Sheikh Tahnoun bin Zayed al Nahyan, the UAE’s head of security.

To put the figure in context, the article says:

It would be a staggering and unprecedented sum in the history of venture capital, greater than the combined current market capitalizations of Apple and Microsoft, and more than the annual GDP of Japan or Germany.

Several observations:

The ante for big time AI has gone up
The argument for people and content has shifted to chip facilities to fabricate semiconductors
The fund-me tour is a newsmaker.

Net net: How about those small search-and-retrieval oriented AI companies? Heck, what about outfits like Amazon, Facebook, and Google?

Stephen E Arnold, February 13, 2024

Written by Stephen E. Arnold · Filed Under AI, Financial, News

Comments

Comments are closed.

Search the site
Subscribe to Beyond Search
Feature archive
News archive

Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.