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OpenAI is looking to build an AI chip empire worth more than AMD, Nvidia and intel combined — Sam Altman wants up to $7 trillion says WSJ report

Techradar

Techradar · 9m

OpenAI is looking to build an AI chip empire worth more than AMD, Nvidia and intel combined — Sam Altman wants up to $7 trillion says WSJ report

OpenAI CEO Sam Altman is reportedly in discussions to raise $5 trillion to $7 trillion in an ambitious fundraising effort to reshape the global AI chip industry. The goal is to address the scarcity of GPUs needed for large language models. Altman is proposing a partnership with investors, chip makers, and power providers to collectively finance the construction of chip foundries. Potential investors include the United Arab Emirates (UAE) and representatives from Taiwan Semiconductor Manufacturing Co. (TSMC). The involvement of the UAE could raise geopolitical concerns regarding US strategic priorities. It remains uncertain if Altman has secured commitments for the fundraising target.

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