rather small compared to what was advertised previously
>joint venture between Nscale and Aker
which seems to imply it is not The Stargate (Oracle, Softbank, MGX?)
21–30 of 121 posts
rather small compared to what was advertised previously
>joint venture between Nscale and Aker
which seems to imply it is not The Stargate (Oracle, Softbank, MGX?)
I assume many who work at OpenAI have seen Pantheon. https://en.wikipedia.org/wiki/Pantheon_(TV_series)
Norwegian news seem to think this is a semiconductor manufacturing plant.
I do not understand why they chose Norway. I would choose a country where it is easy to build up a new power plant quickly with solar and wind, close to the site of the data center. Maybe they just have too much electricity up there that is not needed by the population or existing industry?
I understand why they didn’t choose Germany: they didn’t want to buy the GPUs in cash and send the receipts via Fax.
North Norwegians will finally experience higher electricity prices like us in the south experience since a few years.
Increasing demand is the only reason anyone every developed more supply. And the future will obviously need more energy production. Development costs money so consumers will pay for it with higher prices but Norway just got new, large consumer to help foot the bill.
Aka, Snowden thought us nothing.
Norwegians beware of ChatGPT used as a weapon to move oil money from the people to the ”future of business ”.
Some skepticism about the viability of the project here: https://www.wheresyoured.at/power-cut/#butwhat-about-stargat...
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.
So another major bidder for electricity in my area comes online. Not looking forward to the invoices next winter…
Probably will reap the rewards in about 10 years time once the UK is producing huge amounts of wind and Europe solar, but that's not nuch of a consolation for the minute.
I assume many who work at OpenAI have seen Pantheon. https://en.wikipedia.org/wiki/Pantheon_(TV_series)