OpenAi CEO is in talks with investors, chip manufacturers and energy providers as he aims to raise money to produce semiconductor chips.
Sam Altman the chief executive officer of OpenAI, a company that develops artificial intelligence (AI) is apparently in discussions with investors from all over the world in order to raise billions of dollars for the purpose of producing semiconductor chips.
According to sources close to the business, The Wall Street Journal reported on February 8 that successfully funding Altman’s initiative would require raising approximately $5–7 trillion.
Sources close to the business claim that allocating the funds would resolve OpenAI’s scalability limits as well as the scarcity and expense of processors required to construct high-level artificial intelligence systems.
According to reports, Altman has been attempting to establish agreements between OpenAI and “various investors,” chip manufacturers and energy providers. He has stated that OpenAI would be willing to become a “significant customer” of the respective new factories.
A spokesman for OpenAI stated that Altman recently met with Gina Raimondo, the Secretary of Commerce for the United States of America to discuss the effort. OpenAI held this meeting because the initiative would require the engagement of patrons, industrial partners and governments all around the world.
A spokeswoman for OpenAI stated that the organization will continue to keep the United States government updated about the matter because of the significance of the subject to the “national priorities” of the country.
The Chief Executive Officer of OpenAI also had a meeting with Sheikh Tahnoun bin Zayed al Nahyan who is the National Security Advisor for the United Arab Emirates.
Individuals close to the situation suggest that the United Arab Emirates would play a significant role if the government of the United States permits.
According to reports, Masayoshi Son the Chief Executive Officer of SoftBank as well as officials from organizations that specialize in the production of semiconductors such as Taiwan Semiconductor Manufacturing have also been in discussions with Altman over his idea.
An individual who is familiar with the situation has stated that Microsoft which is a majority stakeholder in OpenAI is aware of the fundraising efforts that the business is embarking on and is supporting them.
In December 2023, reports emerged that OpenAI was engaging in conversations with investors considering an investment of over one hundred billion dollars in the company.
Nvidia continues to dominate the chips used for artificial intelligence computation. There has been a spike in the development of artificial intelligence models over the course of the past year which has resulted in the corporation generating record-breaking sales and a valuation of more than one trillion dollars.
The large technology corporation Meta, which is the owner of the social media networks Facebook and Instagram has lately stated that it will be entering the market for artificial intelligence chips.
It disclosed its most recent chip which it calls “Artemis,” and plans to implement it in its data centers in order to improve its artificial intelligence capabilities and minimize its reliance on Nvidia.