Sam Altman, the CEO of OpenAI, is reportedly engaged in discussions with investors globally to secure trillions of dollars for the development of semiconductor chips.
A report by The Wall Street Journal suggests that Altman aims to raise approximately $5–7 trillion for this ambitious project. The funds are crucial to address the scaling challenges faced by OpenAI and to mitigate the scarcity and cost issues concerning chips required for advanced AI systems.
Altman is said to be advocating for partnerships between OpenAI and various investors, chip manufacturers, and energy providers. The goal is to establish OpenAI as a significant customer for the new chip factories.
Altman has reportedly met with United States Commerce Secretary Gina Raimondo to discuss the initiative, emphasizing the need for involvement from patrons, industry partners, and governments worldwide. OpenAI intends to keep the U.S. government informed due to the project’s significance to national priorities.
Further, Altman met with the United Arab Emirates National Security Advisor, Sheikh Tahnoun bin Zayed al Nahyan. The UAE could play a substantial role if permitted by the U.S. government. SoftBank CEO Masayoshi Son and representatives from chip-fabrication companies have also been involved in discussions about the venture.
Microsoft, a majority stakeholder in OpenAI, is reportedly supportive of the fundraising efforts. Additionally, in December 2023, discussions were underway with investors considering investing over $100 billion in OpenAI.
Despite OpenAI’s aspirations, Nvidia remains the leader in AI computation chips. Meanwhile, Meta (formerly Facebook), has entered the AI chip market with its “Artemis” chip, aiming to enhance AI capabilities and reduce dependency on Nvidia in its data centers.
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