Why Does Sam Altman Need $7 Trillion?

Image via MidJourney

Much hay has been made over Sam Altman’s plan to raise a hearty $7 trillion to create chips for next generation AI tools. The number itself — about 20% of the US national debt — is a bit hyperbolic but Altman himself says that the reason he needs the cash is to build hardware to power the next generation of AI tools including, unsurprisingly, AI hardware and robotics.

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Why $7 trillion? And do we really need to spend that much on something that could be a pipe dream?

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