⚡ Sam Altman Aims to Raise Up to $7 Trillion for AI Chips
posted 9 Feb 2024
OpenAI CEO Sam Altman has called for up to $7 trillion in investments to establish infrastructure for manufacturing artificial intelligence chips, addressing the severe global shortage. He has shared this proposal with both the government and business leaders in the United Arab Emirates (UAE).
In a potential deal, Altman envisions constructing dozens of chip factories akin to those operated by Taiwanese giant TSMC. Upon completion, these factories would be handed over to various international semiconductor companies (like TSMC, Intel, etc.) for management.
However, some analysts already view such massive investments as unrealistic for the private financial sector. Despite the skepticism, Sam Altman is scheduling meetings with the leadership of TSMC, SoftBank's CEO, and the U.S. Secretary of Commerce.
Previously, we reported that OpenAI's annual revenue surpassed $2 billion. Yet, despite such financial success, the company remains in the red due to the substantial costs of developing and using large language models, driving a constant search for additional funding.
More breaking news
More breaking news
Breaking news
✨ WhiteBIT Auto-Invest: Crypto Investing Made Easy
