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

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OpenAI main executive Sam Altman is reportedly courting investors crossed nan globe to raise trillions of dollars for a monolithic task aimed astatine boosting nan accumulation of nan powerful semiconductors needed to tally precocious artificial intelligence programs for illustration his company's ain ChatGPT.

Citing group acquainted pinch nan matter, The Wall Street Journal reported connected Thursday that Altman endeavors to toggle shape world spot manufacturing and accelerate nan improvement of precocious AI pinch nan initiative, which nan sources said could costs successful nan ballpark of $5 trillion to $7 trillion.

The study claims that Altman has met pinch investors from nan United Arab Emirates and nan CEO of Softbank successful caller weeks astir backing nan project, and has besides discussed it pinch chipmakers, including Taiwan Semiconductor Manufacturing Co. (TSMC).

Altman's fundraising plans are aimed astatine solving constraints to OpenAI's growth, including nan scarcity of AI chips required to train ample connection models down systems such arsenic ChatGPT, nan Journal reported.

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The Semiconductor Industry Association (SIA) has forecast a 13.1% jump successful world spot income to $595.3 cardinal this year, compared pinch a driblet of astir 8% successful income successful 2023.

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Altman's efforts to raise costs to grow spot manufacturing person nan blessing of tech elephantine Microsoft, nan mostly proprietor of OpenAI, nan study said. Microsoft declined to remark connected nan study erstwhile reached by FOX Business.

According to nan Journal, Altman besides met pinch U.S. Commerce Secretary Gina Raimondo to talk astir nan initiative.

Neither OpenAI nor Sec. Raimondo's agency instantly responded to FOX Business' petition for remark connected nan report, but an OpenAI spokesperson did supply a connection to nan Journal.

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"OpenAI has had productive discussions astir expanding world infrastructure and proviso chains for chips, power and information centers—which are important for AI and different industries that trust connected them," nan spokesperson's connection read. "We will proceed to support nan U.S. authorities informed fixed nan value to nationalist priorities, and look guardant to sharing much specifications astatine a later date."

Reuters contributed to this report.