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Sam Altman of OpenAI Pursues Trillions in Funding for AI Chips, Engages UAE Government Among Investors, WSJ Reports

Sam Altman, CEO of OpenAI, is on a mission to secure trillions in funding, targeting investors including the UAE government, to escalate global advanced chip production for AI advancements, reports The Wall Street Journal.

Altman’s plan, estimated to need up to $7 trillion, involves constructing chip foundries to be operated by leaders like TSMC, addressing OpenAI’s chip shortage challenges.

His quest has led to discussions with UAE officials, TSMC, US Commerce Secretary Gina Raimondo, and SoftBank CEO Masayoshi Son. This initiative, part of a broader effort to augment semiconductor production and supply chains, reflects OpenAI’s strategic moves to bolster AI’s global infrastructure.

Featured image: Credit: Wikipedia

James Dargan
About the author
James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

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