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Join on Telegram Rabat – According to The Wall Street Journal (WSJ), OpenAI CEO Sam Altman is actively seeking trillions of dollars in investments to revamp the global semiconductor industry.
Altman has consistently highlighted the issue of supply and demand imbalance concerning AI chips, emphasizing its hindrance to OpenAI’s expansion.
Founded in 2015, OpenAI conducts cutting-edge research in machine learning and AI, striving to advance the field while also addressing ethical concerns.
They are known for their work on large language models like GPT (Generative Pre-trained Transformer) series.
Based in San Francisco, OpenAI is known for its creation of ChatGPT, the popular AI
According to a Thursday evening report in the WSJ, Altman is exploring a project aimed at bolstering global chip production capacity, with discussions underway with various investors, including the government of the United Arab Emirates.
The WSJ indicates that Altman may need to secure between $5 trillion and $7 trillion for this initiative, according to a source from CNBC.
The news outlet was unable to independently verify this figure and OpenAI has yet to provide a comment regarding these developments.
In a recent statement on X, formerly Twitter, Altman articulated that OpenAI’s “the world needs more ai infrastructure–fab capacity, energy, data centers, etc.–than people are currently planning to build.”
He added that, “Building massive-scale AI infrastructure, and a resilient supply chain, is crucial to economic competitiveness. OpenAI will try to help!”
Just before Altman’s brief ouster as CEO of OpenAI, he was reportedly seeking billions for a new and not-yet-formed chip venture code-named “Tigris” to eventually compete with Nvidia, traveling to the Middle East to raise money from investors.
In 2018, Altman personally invested in an AI chip startup called Rain Neuromorphics, based near OpenAI’s San Francisco headquarters.
In 2019, OpenAI signed a letter of intent to spend $51 million on Rain’s chips. In December, the U.S. compelled a Saudi Aramco-backed venture capital firm to sell its shares in Rain.
