Comment by lelanthran
6 days ago
Some skepticism about the viability of the project here: https://www.wheresyoured.at/power-cut/#butwhat-about-stargat...
6 days ago
Some skepticism about the viability of the project here: https://www.wheresyoured.at/power-cut/#butwhat-about-stargat...
I thought it was pretty universally known that the project doesn't have and won't have sufficient funding?
And also that the vast majority of things Sam says are a lie?
I mean, when multiple countries are signing on, I think it’s gonna be fine
> I mean, when multiple countries are signing on, I think it’s gonna be fine
So? They're not paying for it, are they?
From what I can tell in the link I posted (and this could be wrong, so corrections welcome):
1. The project needs ~$100b (although a fraction of that will be sufficient to get the first deployment online)
2. OpenAI and Softbank have each committed ~$18b
3. OpenAI is trying to raise ~$40b to stay in business
4. The majority of that ~$40b is coming from Softbank
5. Softbank has ~$30b cash on hand and is syndicating at least ~$10b in investment for the OpenAI raise.
6. OpenAI has projected a burn rate of ~$40b/year by 2028.
To me it looks like Software is committing $30b to OpenAI + $18b to Stargate. OpenAI, if the raise is successful, will receive $40b over a period of time of which $22b will be available to OpenAI if they make good on their commitment of $18b for Stargate.
Which means that OpenAI needs, in the next few years, $40b/year to run, but will only have $22b after they meet the Stargate commitment in the coming year, leaving them short of operational cash and requiring a further round of investments.