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Business Insider

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Sam Altman wants Washington's backing for his $7 trillion AI chip venture

OpenAI CEO, Sam Altman, is seeking US government approval for his trillion-dollar AI chip project due to potential national security and antitrust concerns. Altman aims to raise up to $7 trillion to address the global chip shortage by partnering with OpenAI, chip makers, and investors. However, Nvidia CEO, Jensen Huang, expressed doubt about the proposed amount, suggesting that AI development wouldn't require such a significant investment. Altman's plans highlight the growing importance of AI technology and its impact on various sectors.

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