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OpenAI’s Sam Altman looking for trillions to fund chips for AI, report says | Expertise Information

Altman has mentioned ‘wildly formidable’ plans with traders, together with the United Arab Emirates authorities, the WSJ says.

OpenAI CEO Sam Altman is looking for to boost 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” might require elevating as a lot as $7 trillion, the WSJ reported on Thursday, quoting individuals acquainted with the matter.

As a part of his pitch to traders, Altman has proposed constructing dozens of chip foundries that might then be run by present chip makers, resembling Taiwan Semiconductor Manufacturing Firm (TSMC), the Journal stated.

The plans intention to unravel obstacles to OpenAI’s development, together with a shortage of chips that energy AI fashions resembling ChatGPT, in keeping with the WSJ, which described the sums being sought as “outlandishly giant by the requirements of company fundraising”.

Altamn’s plans have thus far seen him maintain conferences with senior UAE officers, TSMC executives, US Secretary of Commerce Gina Raimondo and SoftBank’s chief government Masayoshi Son, in keeping with the report.

Whereas quite a few nations have introduced plans to assist home semiconductor manufacturing, world provide continues 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 out to be one of the vital recognisable faces within the burgeoning discipline 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.

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