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How much money will OpenAI raise?

OpenAI CEO Sam Altman is in talks with investors, including from the United Arab Emirates, to raise between $5 trillion to $7 trillion in funding. The goal, according to a report in The Wall Street Journal, is to increase the world's chip manufacturing capacity and enhance AI capabilities.

Could OpenAI CEO Sam Altman raise $US7 trillion?

No-one's ever raised $US7 trillion ($10.7 trillion) for a single project before, but OpenAI's CEO Sam Altman might be about to try. To put the figure in perspective, Australia's GDP last year was $US1.3 trillion ($1.9 trillion), and the entire Afghanistan war cost America $US2 trillion ($3.1 trillion).

What is OpenAI & why is it a big deal?

The OpenAI chief executive officer is in talks with investors including the United Arab Emirates government to raise funds for a wildly ambitious tech initiative that would boost the world’s chip-building capacity, expand its ability to power AI, among other things, and cost several trillion dollars, according to people familiar with the matter.

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