Report: Sam Altman searching for trillions for AI chip fabrication from UAE, others

WASHINGTON, DC - JANUARY 11: OpenAI Chief Executive Officer Sam Altman walks on the House side of the U.S. Capitol on January 11, 2024 in Washington, DC. Meanwhile, House Freedom Caucus members who left a meeting in the Speakers office say that they were talking to the Speaker about abandoning the spending agreement that Johnson announced earlier in the week. (Photo by Kent Nishimura/Getty Images)

Enlarge / OpenAI Chief Government Officer Sam Altman walks on the Home facet of the US Capitol on January 11, 2024, in Washington, DC. (Picture by Kent Nishimura/Getty Photographs) (credit score: Getty Photographs)

On Thursday, The Wall Road Journal reported that OpenAI CEO Sam Altman is in talks with traders to boost as a lot as $5 trillion to $7 trillion for AI chip manufacturing, in response to individuals accustomed to the matter. The funding seeks to deal with the shortage of graphics processing items (GPUs) essential for coaching and operating giant language fashions like people who energy ChatGPT, Microsoft Copilot, and Google Gemini.

The excessive greenback quantity displays the massive quantity of capital essential to spin up new semiconductor manufacturing functionality.

To hit these bold targets—that are bigger than the complete semiconductor trade’s present $527 billion world gross sales mixed—Altman has reportedly met with a variety of potential traders worldwide, together with sovereign wealth funds and authorities entities, notably the United Arab Emirates, SoftBank CEO Masayoshi Son, and representatives from Taiwan Semiconductor Manufacturing Co. (TSMC).

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