Finance

Sam Altman Seeks Billions for AI Chip Factory Network

OpenAI CEO Sam Altman plans to make use of the billions of {dollars} he’s attempting to lift for a chip enterprise for establishing a community of factories that can manufacture semiconductors, Bloomberg News reported Friday, citing folks with data of the plans.

Altman has had talks with a number of giant potential buyers within the hopes of elevating the huge sums wanted for chip fabrication vegetation, colloquially often known as fabs, the report mentioned.</p> <p>The mission would contain working with prime chip producers and the community of fabs could be international in scope, based on the report.

Manufacturing chips is dear. They additionally require copious quantities of pure sources, along with the billions of {dollars} in funding. Costs have been rising through the years as know-how advances to make chips utilized in synthetic intelligence functions.

Abu Dhabi-based G42 and Japan’s SoftBank Group are among the many corporations which have held discussions with the OpenAI boss, however the talks are nonetheless early and a full checklist of concerned companions and funders has not been established, the report mentioned.

The talks with G42, with which the ChatGPT maker partnered in October final 12 months, alone had targeted on elevating $8 billion to $10 billion, though the present standing of the discussions is unclear, based on the report.

Intel, Taiwanese chipmaker Taiwan Semiconductor Manufacturing Co and Samsung Electronics are potential companions for OpenAI, the report added.

OpenAI, SoftBank, Intel, TSMC, G42 and Samsung didn’t instantly reply to Reuters requests for remark. Microsoft declined to remark.

Altman returned to OpenAI in November after a shock ouster that had despatched shockwaves by the tech business.

The Bloomberg report mentioned he had been laborious at work on the chips mission till he was briefly ousted and upon his return, he rekindled the efforts. He has additionally sounded out Microsoft on the plan, and the software program big is , the report added.


© 2024 Thomson/Reuters. All rights reserved.

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