OpenAI CEO Sam Altman Targets Billions of Dollars in Funding for Revolutionary AI Chip Venture

Sam Altman to Raise Billions of Dollars for New AI Chip Venture

OpenAI CEO Sam Altman plans to raise billions of dollars to spearhead a revolutionary AI chip venture. According to Bloomberg News, Altman intends to use the substantial funding to build a network of chip fabrication plants, commonly known as fabs.

Altman is in discussions with several major potential investors to secure the financial resources required to develop fabrication plants. The project would collaborate with leading chip manufacturers, and the network of fabs is expected to have a global footprint.

Manufacturing AI chips requires substantial financial investments and natural resources. Over the years, the expenses have continued to surge, particularly with the advancement of technology and the increasing demand for chips used in AI applications.

Sam Altman AI Chip Venture

Abu Dhabi-based G42 and Japan’s SoftBank Group have held initial talks with Sam Altman regarding potential partnerships. However, the discussions are in the early stages, and a complete list of involved partners and funders has yet to be finalized.

The talks with G42, a previous partner of OpenAI since October last year, centered around raising a substantial sum, estimated between $8 billion and $10 billion. According to the Bloomberg report, these discussions to determine the current status still need clarification.

The report added that Intel, Taiwan Semiconductor Manufacturing Co (TSMC), and Samsung Electronics are the other potential partners in this venture.

When contacted by Reuters for comments, OpenAI, SoftBank, Intel, TSMC, G42, and Samsung did not respond immediately. Microsoft, too, declined to comment on the matter.

Sam Altman, who returned to OpenAI in November following an unexpected removal, has reportedly been actively involved in the AI chip project. The report notes that Altman had been driving the initiative before his temporary ouster and resumed efforts upon his return. Altman has also engaged Microsoft in discussions, with the software giant expressing interest in the ambitious plan.


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