OpenAI’s Altman Seeks Investment for Chips

OpenAI CEO Sam Altman Seeks Trillions of Dollars to Expand Semiconductor Industry

OpenAI CEO Sam Altman has announced his plan to significantly expand the semiconductor industry in order to solve the current shortage of processors for AI systems. According to The Wall Street Journal, Altman’s ambitious plan could require an investment of $5 trillion to $7 trillion. These talks involve potential contributions from the United Arab Emirates government, Taiwan Semiconductor Manufacturing, and SoftBank Group. However, it remains unclear how this would impact OpenAI’s major financial backer, Microsoft, and their existing partnership. Despite this, OpenAI has recently surpassed $2 billion in annualized revenue and anticipates doubling that amount by 2024.