Focus on the BIG picture.

OpenAI CEO Sam Altman seeking 'trillions' to boost chip manufacturing for AI: report

OpenAI CEO Sam Altman is reportedly seeking up to $7 trillion to advance semiconductor production for AI technologies, according to The Wall Street Journal.
He has been networking with global investors, such as those from the United Arab Emirates and Softbank’s CEO, as well as prominent chip manufacturers like TSMC. This effort is in response to the limited supply of specialized AI chips necessary for powerful AI applications, including OpenAI's ChatGPT.

With an eye on expanding the necessary infrastructure, such as chip manufacturing, Altman’s plan has been endorsed by Microsoft, OpenAI's majority stakeholder.

Meanwhile, the SIA expects a significant increase in global chip sales, projecting a 13.1% rise this year. Altman has also discussed the initiative with U.S. Commerce Secretary Gina Raimondo.

OpenAI has stated its commitment to enhancing the supply chains for crucial AI components and maintaining communication with the U.S. government about its projects.
Newsletter

Related Articles

0:00
0:00
Close
AWS TechFest 2024 Champions AI for Business
Huawei Poised for Major AI Chip Unveil at Shenzhen Event
China Unveils AI App Inspired by Iron Man's Jarvis
Super Typhoon Yagi Hits Southern China
CIA and MI6 Chiefs Unite Amid Global Crises
Super Typhoon Yagi Devastates Northern Vietnam
Missouri Reports First US Bird Flu Case Without Animal Contact
Social Media Platform X Experiences Brief Outage
Drone Debris Found Near Ukraine Parliament Building After Attack
Pakistani Citizen Arrested for Plotting Terror Attack on Jews in NYC
Gaza War Marks Its 12th Month
UK Tycoon Mike Lynch's Cause of Death Revealed: Autopsy Report
Mass Protests Erupt Across France Against New Prime Minister Barnier
Iranian Plots to Kill Jews in Europe Unveiled
Trump's Dark Rally Speech in Wisconsin; Harris Prepares for Debate
BRAZIL’S SUPREME COURT MINISTER ORDERS EXPLANATION ON X BLOCKING
Warren Buffett's most iconic interview, 1985
Nvidia’s AI chips are cheaper to rent in China than US
Porn streamer OnlyFans paid owner $630mn in dividends
Donald Trump will not face sentencing over his 'hush money' conviction before the US presidential election on November 5, after a Manhattan judge granted his request to delay the proceeding
China ends tariffs on all goods exported to China from the poorest countries in the world it has diplomatic ties with, including 33 African nations
U.S. Indicts Russian Officers for Pre-Invasion Cyberattacks; Controversial Figures Make Headlines in Politics, Crime, and Tech
Hunter Biden Pleads Guilty to Tax Evasion
Telegram CEO Challenges French Charges on Extremist Content
Trump Promises Action Against 'Antisemitic Propaganda' in Universities
Obama’s Half-Brother Malik Supports Trump
Father Arrested For Supplying Weapon Used in Georgia School Shooting
Sam Altman said today, "AI will soon make it possible for one person to build a billion-dollar company."
Blinken May Not Seek Another Term Due To Family Priorities
US Indicts Five Russian Officers for Ukraine Cyberattacks
Tragedy Strikes Mike Lynch's Yacht, Ukraine's Political Shift, and AI’s Billion-Dollar Potential
UK Drops Indecent Assault Charges Against Harvey Weinstein
Return of Brazilian Artworks to Bahia
UK Signs Landmark International AI Treaty
Republicans' Use of 'Democrat Party': A Linguistic Insult
Tragic School Shooting, Global Health Crisis, and Geopolitical Tensions Mark a Tumultuous Week
Demand for Justice After Death of Ugandan Runner Set on Fire
North Korea Executes Officials Over Flood Response
WALZ'S FOR TRUMP": Gov. Tim Walz’s family is proudly expressing their 'strong support' for former President Trump
In a public interview yesterday, Putin openly said he wants Kamala Harris to win the 2024 election.
Ukraine's Major Government Reshuffle: Andrii Sybiha Appointed New Foreign Minister
Sicily Yacht Disaster: Fatal Asphyxiation Claimed More Lives
Britain Plans to Combat 700 Years of Nepotism in Its Governmental System by Ending Hereditary Peerships in the House of Lords
French Woman Testifies in Landmark Rape Trial
Michel Barnier Appointed as Prime Minister of France
The art technique of Grandma Mei Ling, age 82
Mongolia Refuses to Arrest Putin Despite ICC Warrant
Mpox Outbreak in Iowa Prison
Deadly School Shooting in Georgia
France Pilots Mobile Phone Ban in Schools
×