OpenAI’s Sam Altman in search of trillions to finance AI chips, according to report | Technology News

According to The Wall Street Journal, OpenAI CEO Sam Altman has been in discussions with investors, including the United Arab Emirates government, about his “wildly ambitious” plans to raise trillions of dollars. The goal is to increase the world’s capacity to produce advanced chips and power artificial intelligence. The Journal reported that Altman’s initiative might require raising as much as $7 trillion. As part of his pitch to investors, Altman has proposed the construction of multiple chip foundries that would be operated by existing chip makers like Taiwan Semiconductor Manufacturing Company (TSMC). These plans aim to address OpenAI’s obstacles to growth, specifically the scarcity of chips that power AI models such as ChatGPT. Altman has already met with senior UAE officials, TSMC executives, US Secretary of Commerce Gina Raimondo, and SoftBank’s chief executive Masayoshi Son to discuss these plans. Although numerous countries have announced plans to support domestic semiconductor production, global supply is still largely controlled by a few companies, including TSMC and NVIDIA. An OpenAI spokesperson told the WSJ that they have had “productive discussions about increasing global infrastructure and supply chains” and will share more details at a later date. OpenAI, which is backed by Microsoft, did not immediately respond to a request for comment from Al Jazeera. Altman, at the helm of OpenAI, has become a prominent figure in the field of AI. In November, he was briefly dismissed from the start-up he co-founded, but was reinstated after protests by employees and investors.

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