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March 5, 2024
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Sam Altman wants to raise trillions of dollars for AI chip initiative

After disrupting the AI industry by launching ChatGPT, OpenAI’s Chief Executive Officer, Sam Altman, is now looking to reimagine the global semiconductor industry.

Alrman hopes to do that by raising $5 trillion to $7 trillion to “boost the world’s chip-building capacity, expand its ability to power AI, among other things,” according to a Wall Street Journal report. Altman is in talks with the UAE government, SoftBank, and Taiwan Semiconductor Manufacturing Company (TSMC), among other investors, to raise the massive amount, the report said.

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