OpenAI CEO Sam Altman told reporters Thursday that "you should expect OpenAI to spend trillions of dollars" on data center construction in the "not very distant future" — and thinks "we have to go public someday, probably." During the discussion, Altman mentioned OpenAI would https://t.co/yrFQHYr2Lt
More from media dinner w/ Sam Altman last night: Said he plans for OpenAI to "spend trillions on AI infrastructure" in the near future. He just needs to figure out how to fund it. https://t.co/uBYoxBlvSm
"OpenAI’s Sam Altman Expects to Spend ‘Trillions’ on Infrastructure" https://t.co/159HkxIxdR What would be the unlevered ROI on that fantasy? 0.000000000000000000001%? Softbank guy: "I'm in! But make it TENS of trillions!"
OpenAI Chief Executive Officer Sam Altman told journalists that the company expects to raise and eventually spend “trillions of dollars” on data-center infrastructure needed to train and run its next generation of artificial-intelligence models. He described the build-out as necessary in the “not very distant future” and said management is exploring financing options large enough to support the project. Altman acknowledged the challenge of securing capital on that scale and said the company will "have to go public someday, probably," signalling that an initial public offering is under consideration as a potential funding route. He did not give a timetable or specify how the money would be structured between equity and debt. While outlining the aggressive expansion plans, Altman conceded that the current enthusiasm for AI resembles a financial bubble similar to the late-1990s dot-com era. “Someone is going to lose a phenomenal amount of money,” he said, though he maintained that, overall, the technology should deliver a “huge net win for the economy.”