Sam Altman, CEO of OpenAI, is seeking up to $7 trillion for an AI chip project – an amount far surpassing that of global semiconductor industry revenues.
Altman has been speaking to government officials such as Sheikh Tahnoun bin Zayed al Nahyan and US Commerce Secretary Gina Raimondo as well as investors such as SoftBank’s Masayoshi Son.
The Wall Street Journal about Altman’s project
Sam Altman, CEO of OpenAI, plans on raising trillions of dollars for his massively ambitious tech initiative by meeting with major investors including the United Arab Emirates government to raise this much-needed funding.
According to The Wall Street Journal (paywall), Altman’s project seeks to address a shortage of Artificial Intelligence chips which is hindering Generative Artificial Intelligence (GAN). AI chips are required for training and inferencing AI models.
The Wall Street Journal recently reported that Altman is in discussions with UAE Prime Minister Sheikh Tahnoun bin Zayed al Nahyan and SoftBank CEO Masayoshi Son as well as representatives from chip fabrication firms such as Taiwan Semiconductor Manufacturing Co (TSMC). This initiative may take years to finish and could require as much as $7 trillion total investment.
Upon its success, this project will transform the entire semiconductor industry, while helping address current chip shortages while opening doors to AGI development.
The United Arab Emirates
OpenAI CEO Sam Altman has bold plans to transform the global chip manufacturing industry. Reportedly seeking billions in investment money to develop high-powered AI chips for mass production, according to The Wall Street Journal (Paywall), this project could potentially cost as much as $7 trillion!
OpenAI’s initiative would involve teaming up with investors, contract chip manufacturers and power providers to establish multiple chip-fabrication plants that would allow it to produce its own AI and generative computing hardware while decreasing dependence on suppliers. Altman has held discussions with several high-profile investment figures such as government officials from the UAE as well as SoftBank CEO Masayoshi Son in this regard.
This venture faces numerous hurdles to overcoming, such as raising enough funding. Other obstacles may include site selection, geopolitical considerations and workforce shortage issues; nevertheless, this initiative represents an essential step toward furthering AI research and revolutionizing the global economy.
SoftBank
The Wall Street Journal reports that OpenAI CEO Sam Altman is in discussions with several major investors, including the United Arab Emirates government, to raise a substantial amount of money for an AI chip project. His proposal involves creating a network of semiconductor fabrication plants (fabs) to meet rising demand for these chips as well as address any shortage that inhibits AI technology development. He has met with officials from both governments as well as executives from TSMC and US Secretary of Commerce Gina Raimondo regarding his plan.
This venture could cost as much as $7 trillion, an eye-wateringly massive figure by any standard. But considering AI technology’s many benefits is worth taking seriously: new chips will enable developers to build more advanced AI applications, leading to numerous advantages for businesses and individuals alike; creating jobs while increasing economic output while at the same time increasing security through faster threat detection and response capabilities for governments.
TSMC
Sam Altman of OpenAI is reported to be seeking to raise trillions in order to reshape the global semiconductor industry. His visionary tech initiative would expand chip production capacity worldwide while simultaneously powering artificial intelligence technologies; sources told The Wall Street Journal it could cost upwards of $7 trillion; more than double Apple and Microsoft combined market capitalisation values!
Altman’s project seeks to address a rapidly expanding shortage of artificial intelligence (AI) chips needed for training large language models. He has met with officials from UAE government offices, SoftBank CEO Masayoshi Son, and representatives of TSMC to explore possible solutions.
The new funding would go toward building numerous chip fabrication facilities known as foundries, with operations run by contract chip makers like TSMC or others like them forming an industrious network that produces AI chips for as long as necessary to perfect them. Such an infrastructure would create a powerful self-sustaining platform capable of manufacturing advanced AI chips until their success is complete.
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