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OpenAI CEO Sam Altman Eyes Global Chip Venture amidst AI Industry's Chip Investment Trend

Algoine News
Summary:
OpenAI CEO Sam Altman is reportedly seeking funds to establish a global network of semiconductor manufacturing plants. Potential collaborators may include Intel, Taiwan Semiconductor Manufacturing Co, and Samsung Electronics. Early talks are in place with entities like G42 and SoftBank Group. The fundraising goal is between $8 billion to $10 billion. Meta CEO Mark Zuckerberg revealed similar interests in chip investment for AI development. Altman envisions a future of AI dependent on an innovative, yet uncertain, form of energy.
Sam Altman, the CEO of OpenAI, is reportedly working towards securing funds for a chip project. The project, as sources disclosed on January 19th, aims to set up an array of semiconductor manufacturing plants globally. Hinted by a Bloomberg report, Altman is in talks with potential substantial investors for funding these chip-making facilities, often dubbed as 'fabs'. The plan involves teaming up with top chip-makers for a wide-spanning network of fabs. Preliminary talks have been initiated with Abu Dhabi's G42 and Japan's SoftBank Group by Altman. However, the full roster of partners and sponsors is yet to be confirmed. OpenAI's negotiation with partner, G42, has mainly been targeting a fundraising goal of $8 billion to $10 billion since October, but the current progress is unclear. The report names Intel, Taiwan Semiconductor Manufacturing Co., and Samsung Electronics as OpenAI's likely collaborators. In other news, OpenAI isn't the sole AI firm considering chip investments. Meta CEO, Mark Zuckerberg, revealed on January 18th his firm's intention to significantly fund specialised computer chips for developing and launching new generative AI models and products. Zuckerberg stated that Meta would ramp up its tech infrastructure and plans to acquire roughly 350,000 H100 graphics processing units (GPUs) from chip creator Nvidia by year-end. After a surprising exit, Altman returned to OpenAI in November and resumed working on the chips project, as indicated by Bloomberg. He has also dialogued with Microsoft, which seemed interested. Beyond his fascination with semiconductor chips, Altman also envisions the future of AI to be intrinsically tied to an ambitious, albeit uncertain, form of energy that doesn't exist presently. Related Reads: OpenAI in partnership with Arizona State University for ChatGPT adoption, AI-related stock news includes hoaxes of AI 'abductions', a $20K AI chef, and Ackman's allegations of AI plagiarism.

Published At

1/20/2024 11:14:25 AM

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