OpenAI’s Sam Altman Seeking Trillions To Fund Chips For AI
OpenAI CEO Sam Altman is seeking to raise $7 trillion from investors, including the UAE government, to boost the world’s capacity to produce advanced chips and power artificial intelligence.
The ambitious tech initiative could require raising up to $7 trillion. Altman proposes building dozens of chip foundries run by existing chip makers, such as Taiwan Semiconductor Manufacturing Company (TSMC), to address the scarcity of chips for AI models like ChatGPT.
OpenAI is addressing obstacles to its growth, such as a shortage of chips for AI models like ChatGPT. Altman has met with UAE officials, TSMC executives, US Secretary of Commerce Gina Raimondo, and SoftBank CEO Masayoshi Son. TSMC and NVIDIA dominate global semiconductor supply, despite numerous countries supporting domestic production.
(With inputs from Shikha Singh)
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