OpenAI chief executive Sam Altman is reportedly courting investors across the globe to raise trillions of dollars for a massive project aimed at boosting the production of the powerful semiconductors needed to run advanced artificial intelligence programs like his company’s own ChatGPT.
Citing people familiar with the matter, The Wall Street Journal reported on Thursday that Altman endeavors to transform global chip manufacturing and accelerate the development of advanced AI with the initiative, which the sources said could cost in the ballpark of $5 trillion to $7 trillion.
The report claims that Altman has met with investors from the United Arab Emirates and the CEO of Softbank in recent weeks about funding the project, and has also discussed it with chipmakers, including Taiwan Semiconductor Manufacturing Co. (TSMC).
Altman’s fundraising plans are aimed at solving constraints to OpenAI’s growth, including the scarcity of AI chips required to train large language models behind…
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