US EditionOpenAI’s Sam Altman seeking trillions to fund chips for AI, report says
- OpenAI CEO Sam Altman is seeking to raise trillions of dollars from investors, including the United Arab Emirates government, to boost chip production and power artificial intelligence.
- Altman’s “wildly ambitious tech initiative” could require raising as much as $7 trillion, and he has proposed building chip foundries run by existing chip makers to overcome obstacles to OpenAI’s growth.
- The fundraising plans aim to address the scarcity of chips needed for AI models like ChatGPT, and Altman has discussed the plans with potential investors, including the UAE government.
32 Articles
32 Articles
OpenAI boss promotes trillions for chip revolution
OpenAI CEO Sam Altman is looking for investors for an AI technology initiative. As the “Wall Street Journal” (“WSJ”) reported on Thursday (local time), the company wants to expand its global capacity to produce chips and the ability to operate artificial intelligence (AI). Citing a person familiar with the matter, the “WSJ” wrote that the project would require raising between five and seven trillion dollars (up to 6.5 trillion euros). Altman is …
OpenAI's Altman in talks to raise funds for AI initiatives
OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world's chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported on Thursday. The project could require raising as much as $5 trillion to $7 trillion, the report added, citing people familiar with the matter. OpenAI and its biggest investor Microsoft did not immediately resp…
OpenAI CEO Sam Altman Eyes Trillions In Funding For Semiconductor And AI Initiative: Report
Sam Altman, the CEO of OpenAI, is reportedly in discussions with potential investors to secure trillions of dollars for a groundbreaking tech initiative. The project aims to transform the global semiconductor industry and enhance the capacity for AI.
OpenAI chief looking to raise trillions to reshape semiconductor sector: WSJ
OpenAI chief Sam Altman is seeking to raise trillions of dollars to reshape the global semiconductor industry, and has held talks with potential investors including the UAE government, the Wall Street…
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