OpenAI CEO Sam Altman to Raise Billions to Develop AI Chip

Estimated read time 2 min read

Sam Altman’s Unexpected Comeback: What Does Altman’s Return Mean for the Future of OpenAI?

The post OpenAI CEO Sam Altman to Raise Billions to Develop AI Chip appeared first on Coinpedia Fintech News

According to the latest Bloomberg report, the CEO of OpenAI, Sam Altman, had intense conversations with some of the significant potential investors regarding his new approach towards developing AI chips, which potentially works on securing the yet to raise funds. The commencement will roll up with the establishment of fabrication plants, generally called fabs. However, the talks are still in the initial stage of the venture’s execution. 

Overall, Sam Altman is looking forward to raising billions of dollars to take his ideology ahead, vividly setting up a unique network of AI chip factories. These factories manufacture semiconductors. Presented in the same reports on Friday, Altman discussed his views with the Abu Dhabi-based G42 and Japan’s SoftBank Group; besides them, there is a list of investors who are involved in the venture.

OpenAI’s discussion on G42 started in October 2023, as it is anticipated to raise from $8 billion to $10 billion. However, the discussion is still uncertain and unexplained completely. Yet, it is disclosed in the report that the primary producers would certainly be Taiwan Semiconductor Manufacturing Company and Samsung Electronics for OpenAI. Aside from his deep interest in AI chips, he believes that the future of AI could depend on an ambitious yet uncertain form of energy that doesn’t exist today.

Besides Sam Altman, the CEO of META Mark Zuckerberg informed the media that he wants to invest in Ai chips to bring in better and seamless technology infrastructure. He also says he plans to get the chips done by the end of 2024 from the renowned designer Nvidia, which is about 350,000 H100 units in graphic processing. 

Source: https://coinpedia.org/news/openai-ceo-sam-altman-to-raise-billions-to-develop-ai-chip/

You May Also Like

More From Author