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We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
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Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Hold up.
Is that even humanly possible?
I mean I know AI is hot and Sam is quite possibly the hottest CEO in the startup world now, but still.
$7T is lietrally 7% of the entire world’s GDP!
The world’s GDP was 96.51 trillion USD (2021).
Altman, CEO of OpenAI, is eyeing a colossal $7 trillion fundraising round that could reshape the future of the semiconductor industry and, by extension, the realm of artificial intelligence.
And by extension, the entire universe.
Turns out it was inaccurate news.
Blame it on the news and reporters so eager to blast out headlines and be first.
No one is giving him that amount, even if he is the God of AI now.
But the incredible surge in AI happening now is undeniable.
Global chip sales reaching $527 billion last year and expected to hit a trillion by 2030.
So yea, raising $7T is just next level madness.
Altman’s plan is crazy stratospheric.
He ain’t here to play around.
This is about intensive chip production.
Ripping the beddings and plumbing, to redesign and approach the entire industry in a new way.
OpenAI, with its insatiable appetite for high-octane GPUs needed to train AI systems, is hitting speed bumps, and Altman’s solution is not just to build a new road but to construct a superhighway.
But back to reality.
Building a chip factory is no small feat, with each factory costing around $10 billion.
Altman’s vision to turbocharge chip production involves building several such factories, and he’s courting the big guns like the UAE government for this.
Not sure if throwing money at the problem can help develop next-level AI.
Just look at China, which invested over $150 billion in its semiconductor industry without the desired impact.
But this is Sam Altman.
He created one of the most powerful, game-changing startup and advanced the field of AI by a quantum leap in a few years.
If you told me he can levitate and read minds, I would believe you.
It is hard to ignore his plans.
If successful, it could significantly reduce OpenAI’s reliance on Nvidia, which currently rules the roost in AI chip manufacturing.
In fat, the entire AI industry and even countries are relying on Nvidia, perhaps too much.
Nvidia’s market cap has roughly tripled in the past year, making it the 6th biggest company globally by market cap.
I don’t think Altman is trying to challenge Nvidia.
He is a first principle thinker and an avant garde founder.
He is probably just envisioning the future and manifesting it in his own ways.
But let’s not get ahead of ourselves.
The road to Altman’s trillion-dollar dream is fraught with challenges.
Building state-of-the-art facilities takes not just billions but also years.
The big question is not just how much Altman can raise but how efficiently and quickly he can channel these funds into tangible, operational mega-factories.
As we watch this unfold, one can’t help but wonder about the future of AI and chip manufacturing.
Are we all jumping into a frenzy here?
Should we calm down and take it slower?
Sam doesn’t think so.
He even publicly said he would gladly burn billions to progress AI meaningfully.
Would you agree?
-
Is it possible to raise $7 trillion?
-
#Altman7Trillion #ChipIndustryRevolution #OpenAIExpansion #SemiconductorSupremacy #TechFundingEpic #AIChipGameChanger #BillionDollarAmbition #ChipFactoryFrenzy #TechInvestmentGiant #FutureOfAIManufacturing
Hold up.
Is that even humanly possible?
I mean I know AI is hot and Sam is quite possibly the hottest CEO in the startup world now, but still.
$7T is lietrally 7% of the entire world’s GDP!
The world’s GDP was 96.51 trillion USD (2021).
Altman, CEO of OpenAI, is eyeing a colossal $7 trillion fundraising round that could reshape the future of the semiconductor industry and, by extension, the realm of artificial intelligence.
And by extension, the entire universe.
Turns out it was inaccurate news.
Blame it on the news and reporters so eager to blast out headlines and be first.
No one is giving him that amount, even if he is the God of AI now.
But the incredible surge in AI happening now is undeniable.
Global chip sales reaching $527 billion last year and expected to hit a trillion by 2030.
So yea, raising $7T is just next level madness.
Altman’s plan is crazy stratospheric.
He ain’t here to play around.
This is about intensive chip production.
Ripping the beddings and plumbing, to redesign and approach the entire industry in a new way.
OpenAI, with its insatiable appetite for high-octane GPUs needed to train AI systems, is hitting speed bumps, and Altman’s solution is not just to build a new road but to construct a superhighway.
But back to reality.
Building a chip factory is no small feat, with each factory costing around $10 billion.
Altman’s vision to turbocharge chip production involves building several such factories, and he’s courting the big guns like the UAE government for this.
Not sure if throwing money at the problem can help develop next-level AI.
Just look at China, which invested over $150 billion in its semiconductor industry without the desired impact.
But this is Sam Altman.
He created one of the most powerful, game-changing startup and advanced the field of AI by a quantum leap in a few years.
If you told me he can levitate and read minds, I would believe you.
It is hard to ignore his plans.
If successful, it could significantly reduce OpenAI’s reliance on Nvidia, which currently rules the roost in AI chip manufacturing.
In fat, the entire AI industry and even countries are relying on Nvidia, perhaps too much.
Nvidia’s market cap has roughly tripled in the past year, making it the 6th biggest company globally by market cap.
I don’t think Altman is trying to challenge Nvidia.
He is a first principle thinker and an avant garde founder.
He is probably just envisioning the future and manifesting it in his own ways.
But let’s not get ahead of ourselves.
The road to Altman’s trillion-dollar dream is fraught with challenges.
Building state-of-the-art facilities takes not just billions but also years.
The big question is not just how much Altman can raise but how efficiently and quickly he can channel these funds into tangible, operational mega-factories.
As we watch this unfold, one can’t help but wonder about the future of AI and chip manufacturing.
Are we all jumping into a frenzy here?
Should we calm down and take it slower?
Sam doesn’t think so.
He even publicly said he would gladly burn billions to progress AI meaningfully.
Would you agree?
-
Is it possible to raise $7 trillion?
-
#Altman7Trillion #ChipIndustryRevolution #OpenAIExpansion #SemiconductorSupremacy #TechFundingEpic #AIChipGameChanger #BillionDollarAmbition #ChipFactoryFrenzy #TechInvestmentGiant #FutureOfAIManufacturing
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