Yes, they really mean trillion. I expect it would be the most resources anyone has ever invested into any single goal, even accounting for inflation.
[0] https://www.britannica.com/event/World-War-II/Human-and-mate...
[1] https://moneywise.com/life/lifestyle/financial-facts-about-w...
[2] https://www.whatitcosts.com/world-war-ii-cost-united-states-...
Chip making is expensive, but what do you do with 7T? Buy out every engineer on the planet with half of it, and have them work on problems? Does Altman think he’s Oppenheimer?!