Sam Altman was reportedly looking to raise billions of dollars in investment to launch a pair of new artificial intelligence (AI) ventures before his ouster as CEO of OpenAI, according to a new report.
Altman has been pitching a pair of ideas for new AI companies in recent months, including an AI chip company intended to compete with Nvidia and an AI-powered hardware device company, Bloomberg reported citing sources familiar with the matter.
According to the report, Altman had traveled to the Middle East to fundraise for the AI chip project, code-named Tigris, although planning was in a preliminary stage and the start-up hadn’t been launched. It would aim to provide a lower-cost alternative to Nvidia, which has emerged as the market leader in making the chips and processors needed to power large language models, although other tech companies including OpenAI have considered making chips.
Altman’s other venture may be farther along in the planning process, as Bloomberg’s…
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