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🍟 Sam Altman needs $7 trillion for AI chip factory

💼 Work in AI GPT for Work In AI job board

AuthorAuthor

Martin Crowley & Liam Lawson
February 12, 2024

Premium // Sponsorship // Podcast // Tools Database

Welcome to AI Tool Report!

Monday’s top story: Sam Altman is asking investors for $7 trillion to fund his new AI chip manufacturing project. 

When the Work In AI job board launches (Wednesday, 14th February) you’ll be able to browse thousands of non-technical and technical AI jobs for free, and use our Work In AI GPT to help you create the perfect cover letter.

Find out how to use our Work In AI GPT, below.

⬇️⬇️⬇️⬇️

🌤️ This Morning on AI Tool Report

  1. 🍟 Sam Altman needs $7 trillion for AI chip factory

  2. 📈 OpenAI to hit $2B thanks to ChatGPT

  3. ✈️ Ex-Sequoia VC takes startups to Silicon Valley

  4. 🏈 Gemini and Copilot fabricate Super Bowl scores

  5. 🎓 Google pledges $26.98M to boost EU AI skills

Read Time: 5 minutes

FINANCE

Brought to you by YellowBrick

AI HARDWARE

🍟 Sam Altman needs $7 trillion for AI chip factory

Our Report: Sam Altman is in talks with global investors to raise $7 trillion to fund a new AI chip manufacturing project.

🔑 Key Points:

  • Altman is in discussions with investors (including the government of the United Arab Emirates) to raise $5- $7 trillion for an AI chip manufacturing project to power AI models.

  • The initiative would increase global chip-building capacity and solve the current supply and demand issue that’s facing most major AI companies.

  • This $7 trillion fundraising round would eclipse the current global AI chip market, which is projected to become a $1 trillion business by the end of the decade.

🤨 Why you should care: If Altman is successful with this fundraising round, his new AI chip factory would help build “massive scale AI infrastructure” which is “crucial to economic competitiveness.”

🎯 In Partnership with Work in AI

🥱 Tired of searching for your 6-figure career in AI?

Finding your 6-figure career in AI doesn’t need to be exhausting.

Here at AI Tool Report, we’ve been working on creating your best friend when it comes to starting your 6-figure career in AI. We noticed that the solutions out there either lacked simplicity, had terrible jobs, weren’t focused on AI, or were plain simple—they don’t help you find your next career in the field of AI.

Thus, we decided to build it ourselves—introducing Work in AI:

  • ✅ Filters what you need: Equal emphasis on both technical & non-technical roles, easily find remote roles and 6-figure positions near you.

  • 🫵 Alerts on your cadence: Choose when you receive new job alerts—every day, once a week, every hour? You decide.

  • ⬆️ Advances your career: Browse over 2000+ jobs, from the top 100+ AI companies. No filler, no nonsense, only vetted positions.

  • ⌛ Saves time: Bookmark the jobs you like and apply to them in batches. Applying for jobs doesn’t need to be time-consuming.

Work In AI releases on Wednesday 14th February!

  1. Innovating with AI unleash your productivity with a no-code, free AI toolkit

  2. Copyrocket is for generating images, content, and voiceovers

  3. StockMarketGPT is an AI-powered investment researcher

  4. Techmart AI gives you AI-powered startup strategies

  5. Docufai is an AI-powered document assistant

GROWTH

📈 OpenAI to hit $2B thanks to ChatGPT

  • OpenAI’s revenues have surpassed $2B, putting it among one of the fastest-growing technology companies that have posted revenues of $1B within a decade of being founded.

  • Sam Altman believes the company will double this figure by 2025, as 92% of the Fortune 500 are already using OpenAI products, and ChatGPT has over 100M weekly users.

  • But, despite record revenues, OpenAI remains a loss-making company as costs to build and maintain its AI models are expected to outpace revenue growth.

  • This news comes after reports that Microsoft—OpenAI’s biggest backer—has already committed up to $13B to develop more and more sophisticated AI models.

💼 Combining the Work In AI Job Board and GPT - Part I

Easily create the perfect cover letter tailored for a specific job vacancy.

  • When our new job board launches on Wednesday, browse through the listings to find a role that excites you.

  • Click through & paste the job description to the WorkInAI GPT.

  • Upload your CV/resume to the GPT.

  • Now, you have your personal cover letter.

This process is designed to maximize your chances of getting an interview by ensuring your application is highly customized and relevant to the job you're applying for.

INVESTMENT

✈️ Ex-Sequoia VC takes startups to Silicon Valley 

  • Peak XV—the VC firm that split from Sequoia Capital—is taking 60 founders (from India, Southeast Asia, and Australia) to Silicon Valley to meet AI industry leaders.

  • They’ll participate in strategy sessions with executives from OpenAI, NVIDIA, and Sequoia, and attend talks from seasoned operators like Uniphore and DoorDash.

  • This trip (internally named “Immersion Week”) is to help these upcoming founders build “world-class AI products” and gain “a glimpse into the AI world.”

  • It also serves as an attempt by Peak XV to build out its networking capabilities as competition among investors seeking to access promising AI startups ramps up.

CHATBOTS

🏈 Gemini and Copilot fabricate Super Bowl scores

  • Google’s Gemini (formerly known as Bard) and Microsoft’s Copilot gave users fictional information about the Super Bowl outcome, including scores and player statistics.

  • Before the game had started, Gemini claimed that the Kansas City Chiefs were victorious over the San Fransico 49ers, attributing 286 rushing yards to a Chiefs quarterback.

  • Copilot also insisted that the game had ended (before it had begun), claiming that the 49ers had won, with a final score of 24-21, when the game was a 25-22 victory for the Chiefs.

  • This comes as concerns rise over the potential harm disinformation—generated by generative AI chatbots—can cause, with worries that it could reinforce ethnic and racial stereotypes.

Do you check chatbot responses for accuracy?

  • ✅ Yes. Chatbots generate answers based on data, so it's always best to check for accuracy.
  • ❌ No. I tend to trust that the chatbots will gather relevant information.

Login or Subscribe to participate in polls.

TRAINING

🎓 Google pledges $26.98M to boost EU AI skills

  • Google has pledged €25M ($26.98M) to help European companies learn how to utilize AI, focusing on training, growth academies, and expanded language support for AI courses.

  • As part of this initiative, Google will run a series of growth academies serving as dynamic hubs for learning, collaboration, and innovation.

  • Recognizing the importance of language accessibility in promoting AI literacy, it will also expand its free online AI courses to 18 languages to break down linguistic barriers.

✅📈 Feature your product/service in AI Tool Report…

Over the past year, AI Tool Report has worked with Hubspot, Brave Browser, SurfShark, Guidde, Graft & many more—presenting their AI products/services to over 490,000 AI enthusiasts, boasting:

  • A consistent 52% open rate

  • Best-in-class ad performance

  • A growing ecosystem of AI products/services

Reach AI Enthusiasts Today—Book An Ad Slot With AI Tool Report

📺 Despicable Me Super Bowl AI ad

🎨 Van Gogh brought to life by AI

🧑‍✈️ How to use Copilot on iOS and Android

Copilot is now available in any app

You can use it anywhere on iOS and Android.

Here's an overview of how to activate and use it:

— Paul Couvert (@itsPaulAi)
Feb 11, 2024

We read your emails, comments, and poll replies daily.

Hit reply and let us know what you want more of!

Until next time, Martin & Liam.

What did you think of this edition?

  • ✅ Loved it, here's why
  • 🤨 Still room for improvement

Login or Subscribe to participate in polls.

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