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    1. Infinityy100b on

      CEO Sam Altman reportedly recently visited the United Arab Emirates to speak with sovereign wealth funds in the area, hoping to close a new multibillion-dollar funding round which is expected to total $50 billion or more, which would set a new record for private funding. That would boost the company’s valuation to between $750 billion and $830 billion, Bloomberg reports.

      In addition to the Middle East meetings, Altman has also held separate talks with companies like Amazon about potential investments of at least $10 billion, according to earlier reports.

    2. JurplePesus on

      Is there like some other secret version of chatgpt that they show people to get all this funding? Or is Sam Altman simply the greatest snake charmer of all time for billionaires only?

    3. I love comparing the cost of OpenAI to the Apollo program, which physically brought humans out of Earth orbit and landed them on the Moon using ancient computing technology and cost between $250-300 billion adjusted for inflation.

      Then we stopped sending Humans to the Moon… (Until Artemis fly-by next month)… because it was too expensive?

    4. BogdanK_seranking on

      This news feels especially interesting against the backdrop of ChatGPT starting to show ads in the US

      As we can see, OpenAI has been very focused on funding questions lately. It makes me wonder whether this could lead to slower performance, a drop in answer quality, or even a new wave of AI hallucinations.

      will see

    5. Fantastic_Ninja_5789 on

      He’s just going country after country with the world’s biggest begging bowl to stay afloat and keep his job. 🤦‍♂️🤦‍♂️.

    6. Oh look, this company is loosing money in billions, let’s throw more money at it!

    7. troll__away on

      Going to the Middle East for money seems like a last resort. Next year Sam will be hitting up South American drug cartels for money.

    8. At some point they’re going to find an accounting scam that lets them pretend investor cash is customer revenue.

    9. He has a lot of promises to fulfill. Not the best clientele to be messing with their money

    10. prof_dr_mr_obvious on

      Another $50 billion into the furnace that is not going to create AGI.

      I can’t tell the difference with a ponzi scheme so it probably is one.

    11. ObjectOrientedBlob on

      This is as dumb as the pyramids. An insane amount of ressources that could be spend for the betterment of humanity is wasted on some childish Silicon Valley vanity project, based on vague Sci-Fi promises about super intelligence that will cure cancer and stuff.

    12. At this point I suspect it’s a money wash scheme, no sane person would put such amount of money into an AI chatbot. And I doubt most billionaires became billionaires by being stupid.

    13. Gotta milk them Middle Easterners now! In his defense, they do seem to fall easily for American pitch. We good like that. Didn’t they get wrecked on WeWork?

    14. weirdallocation on

      Trying to milk some more money from anywhere they can. I don’t think even middle east investors are going to fall for their trap.

    15. Are they trying to sabotage us by causing more data centers to be built and electricity to be unaffordable to anybody in the US?

    16. god i hope one day they tear apart the code and find out it was based on bonzi buddy 

    17. LegacyofaMarshall on

      Everytime i see a pundit of Altman I want to punch him in the face like that pedo like Florida congressman

    18. AnalTinnitus on

      Think of all the things you could do with $50 billion instead of giving it to a guy who wants to make people lose their jobs.

    19. Woof, this is not good for openai. Reports were they were targeting 100-120B. sovereign wealth fund are a target of last resort which means they failed to attract enough interest and couldn’t get above their 50% target. I wonder if this pushes the swing at IPO timeline up to late/early 26/27.

    20. How diluted are the shares getting now?

      This many funding rounds this quickly is not a good sign.

    21. Sam Altman gleefully took the blood money. what a piece of human garbage this guy is

    22. Wind_Best_1440 on

      UAE is the literal middle man for drug cartel and warlord money transactions. They’re bankrolling the genocide in Africa/Sudan right now and are essentially in an active war with Saudi Arabia.

      I seriously doubt the UAE is going to fund this.

      However, what if Sam Altman isn’t getting funding from UAE, but THROUGH UAE, say drug cartel money? Drug cartels often have more money then they know what to do with, but what do they not have? AI and current technology to spy on people.

      People have „Died“ under „Weird“ circumstances, and now Sam Altman is getting funding through UAE, which is the capital of Drug money = Legit money through the UAE banking system.

      I wouldn’t be surprised if this latest round of funding is from drug lords and Cartels being promised AI tracking technology.

    23. Cool, they just need another 25x that to cover all their promised investments (1.5 trillion)

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