Sam Altman, CEO, OpenAI, an artificial intelligence (AI) developer, is reportedly in talks with investors worldwide to raise trillions of dollars for developing semiconductor chips, stated Cointelegraph.
With insights from the Wall Street Journal on February 8, 2024, Altman’s project would require fundraising of around $5 trillion to $7 trillion. Sources revealed that the funds would solve the scaling constraints of the company and the scarcity and cost of chips needed to develop high-level AI systems.
“OpenAI has had productive discussions about increasing global infrastructure and supply chains for chips, energy, and data centers — which are crucial for AI and other industries that rely on them,” OpenAI explained.
Furthermore, Masayoshi Son, CEO, SoftBank, and representatives from chip-fabrication companies, such as Taiwan Semiconductor Manufacturing, have also been in talks with Altman about his venture, concluded Cointelegraph.
(With insights from Cointelegraph)
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