Altman was raising billions from Middle East sovereign funds for AI chip startup

Re:Altman was raising billions from Middle East sovereign fu... by b2bsaas00 on Saturday November 18, 2023 @04:17PM (#38324549)

I don’t understand why people with such amount of cash still looking for VC instead of bootstrapping their company.

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Re:Altman was raising billions from Middle East sovereign fu... by cjbprime on Saturday November 18, 2023 @04:18PM (#38324560)

You don't "bootstrap" a chip fab.

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Re:Altman was raising billions from Middle East sovereign fu... by wutwutwat on Saturday November 18, 2023 @04:21PM (#38324598)

Also lol why would he risk his own money when he can keep it, risk other people's money, and end up richer on the other side even if he fails?

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Re:Altman was raising billions from Middle East sovereign fu... by potatopatch on Saturday November 18, 2023 @04:29PM (#38324675)

You rent it from TSMC, just like nvidia.

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Re:Altman was raising billions from Middle East sovereign fu... by VirusNewbie on Saturday November 18, 2023 @04:23PM (#38324620)

Maybe elon could. But very few people can.

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Re:Altman was raising billions from Middle East sovereign fu... by jstummbillig on Saturday November 18, 2023 @04:34PM (#38324733)

How much money do you think sama has available?

I understand that we easily get confused when dealing with fantasy money numbers, but the higher the number, the more the exact number of zeroes actually matters.

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Re:Altman was raising billions from Middle East sovereign fu... by wslh on Saturday November 18, 2023 @04:24PM (#38324630)

Because you want to share risk? You can play more games if you share risk.

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Re:Altman was raising billions from Middle East sovereign fu... by efficax on Saturday November 18, 2023 @04:30PM (#38324686)

you can always be richer and more powerful

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