OpenAI CEO Sam Altman has begun talks with investors to raise between $5 trillion and $7 trillion for the ambitious chip project. This is reported by The Wall Street Journal with reference to sources.
According to them, the initiative is aimed at developing the global production of semiconductors and expanding their potential into the field of artificial intelligence.
The project will also solve the problem of shortage of expensive chips that OpenAI faced. They are needed to train large language models.
Negotiations are at an early stage, the full list of investors is unknown. Altman has discussed the initiative with US Commerce Secretary Gina Raimondo, UAE authorities, Taiwan’s TSMC and Japan’s Softbank, which owns chip developer Arm, the sources said.
At the talks, he allegedly proposes the idea of a partnership between investors, processor manufacturers and electricity suppliers to jointly finance the construction of factories. OpenAI will become a major customer of the latter, according to WSJ.
Sources noted that Altman shared his plans with one of the largest investors in the AI company, Microsoft. The corporation allegedly supports his efforts.
In late 2023, media reported that OpenAI was negotiating a new round of funding that would value it at $100 billion or more.
Let us recall that in February 2024, journalists learned that the company was developing a system of autonomous AI assistants capable of taking control of the user’s device to perform certain tasks.
Subscribe to ForkLog on social networks
Found an error in the text? Select it and press CTRL+ENTER
ForkLog newsletters: keep your finger on the pulse of the Bitcoin industry!
2024-02-10 15:49:32
#OpenAI #intends #raise #trillion #develop #production #chips #ForkLog
.jpg?$p=8a7b7b1&f=16x9&w=1080&q=0.8 "China Cancels Argentina’s Matches Over Messi Controversy: International Break Games Scrapped After Messi’s Absence in Inter Miami Friendly")
