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OpenAI CEO Sam Altman eyes global funding for chip companies

by SuperiorInvest

OpenAI CEO Sam Altman aims to use funds raised for a chip company to establish a series of semiconductor manufacturing facilities, sources familiar with the plans reported on January 19.

According to the Bloomberg report, Altman is in talks with several major potential investors to raise the necessary funds to establish chip manufacturing plants, commonly called fabs. The initiative would include collaboration with the main chip producers and the factory network would be global.

Abu Dhabi-based G42 and Japan’s SoftBank Group are in initial talks with OpenAI, and a full list of partners and funders has yet to be finalized, according to the report. Since October 2023, OpenAI’s talks with the G42 have reportedly aimed to raise between $8 billion and $10 billion.

The current status of the discussions is uncertain. The report lists Intel, Taiwan Semiconductor Manufacturing Company, and Samsung Electronics as potential OpenAI collaborators.

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OpenAI is not the only one looking to invest in semiconductor chips. Meta CEO Mark Zuckerberg said Thursday that the company plans to invest significantly in specialized computer chips to build and deliver new generative artificial intelligence (AI) models and products.

Zuckerberg explained that Meta will increase its technological infrastructure and plans to have around 350,000 H100 graphics processing units from chip designer Nvidia by the end of 2024.

Altman, who rejoined OpenAI in November 2023 after a surprisingly brief ouster, resumed efforts to secure funding for global semiconductor chip manufacturing upon his return, the Bloomberg report states. He also discussed the plan with Microsoft, which reportedly expressed interest.

Aside from the CEO’s interest in semiconductor chips, Altman believes the future of AI could depend on an ambitious but uncertain form of energy that doesn’t exist today.

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