OpenAI’s CEO, Sam Altman, recently announced a big plan to boost chip technology. This ambitious initiative aims to secure a whopping $7 trillion in funding,
with ongoing talks to attract investments, including discussions with the government of the United Arab Emirates.
Altman’s vision revolves around creating multiple chip foundries, managed by established chip manufacturers like the Taiwan Semiconductor Manufacturing Company (TSMC).
The goal is to overcome obstacles, particularly the shortage of AI-capable chips, to propel OpenAI’s progress and open up new opportunities in the field of artificial intelligence.
Notable figures from tech giants, such as officials from the United Arab Emirates, TSMC executives, US Secretary of Commerce Gina Raimondo, and SoftBank’s CEO Masayoshi Son, are actively engaged in these groundbreaking discussions.
In the world of semiconductor technology, giants like TSMC and Nvidia dominate, leaving few major players.
Despite efforts by many countries to strengthen their own semiconductor production, the global supply chain remains heavily reliant on these key corporations.
OpenAI’s spokesperson confirmed ongoing “productive discussions” about global infrastructure and supply chains but didn’t provide specific details on the project.
Microsoft, OpenAI’s biggest investor, has yet to respond officially to inquiries about the initiative.
Altman’s fundraising goals are unprecedented, targeting an astonishing $5 trillion to $7 trillion, well beyond the usual standards for corporate fundraising.
Investors have already valued OpenAI at over $80 billion, indicating significant interest and the potential for substantial returns.