Altman has mentioned ‘wildly formidable’ plans with traders, together with the United Arab Emirates authorities, the WSJ says.
OpenAI CEO Sam Altman is searching for to lift trillions of {dollars} from traders, together with the United Arab Emirates authorities, to spice up the world’s capability to provide superior chips and energy synthetic intelligence, The Wall Road Journal has reported.
Altman’s “wildly formidable tech initiative” may require elevating as a lot as $7 trillion, the WSJ reported on Thursday, quoting folks aware of the matter.
As a part of his pitch to traders, Altman has proposed constructing dozens of chip foundries that may then be run by present chip makers, reminiscent of Taiwan Semiconductor Manufacturing Firm (TSMC), the Journal stated.
The plans purpose to unravel obstacles to OpenAI’s progress, together with a shortage of chips that energy AI fashions reminiscent of ChatGPT, in line with the WSJ, which described the sums being sought as “outlandishly giant by the requirements of company fundraising”.
Altamn’s plans have to this point seen him maintain conferences with senior UAE officers, TSMC executives, US Secretary of Commerce Gina Raimondo and SoftBank’s chief government Masayoshi Son, in line with the report.
Whereas quite a few international locations have introduced plans to help home semiconductor manufacturing, world provide remains to be dominated by a handful of companies, together with Taiwan Semiconductor Manufacturing Firm (TSMC) and California-based NVIDIA.
An OpenAI spokesperson was quoted by the WSJ as saying it has had “productive discussions about growing world infrastructure and provide chains” and would share extra particulars at a later date.
OpenAI, which is backed by Microsoft, didn’t instantly reply to an emailed request for remark from Al Jazeera.
On the helm of OpenAI, Altman has risen to turn into one of the recognisable faces within the burgeoning area of AI.
In November, the 38-year-old entrepreneur was fired from the start-up he co-founded, solely to be reinstated a number of days later after protests by workers and traders.
