Altman raising trillions for chips

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Sam Altman, the CEO of OpenAI, is reportedly in discussions with various investors, including the United Arab Emirates government, to raise a staggering amount of money, between $5 trillion to $7 trillion, to significantly expand the global production capacity for semiconductors, particularly those used in artificial intelligence (AI) applications1234678911. This initiative is seen as a response to the current scarcity of graphics processing units (GPUs) that are crucial for training AI models like ChatGPT3. The ambitious plan involves building dozens of chip-fabrication plants over the next few years, which would be operated by existing chipmakers such as Taiwan Semiconductor Manufacturing Company (TSMC)28. Altman's vision includes a partnership between OpenAI, chipmakers, energy firms, and investors to finance these GPU chip plants46. The scale of the fundraising effort is unprecedented, with even mega investments in the tech industry typically being on the order of tens of billions of dollars2. The Biden administration has also shown interest in bolstering domestic chip manufacturing, committing $5 billion to R&D in the semiconductor industry, highlighting the strategic importance of microchips to the digital economy and national security35. Altman's proposal is seen as complementary to these efforts, aiming to ensure a resilient supply chain and meet the growing demand for AI infrastructure9. While the discussions are still in the early stages and it's unclear whether any commitments have been secured, the initiative reflects the global interest in AI's potential and the strategic importance of semiconductor production311. If successful, this could reshape the business of chips and AI, ensuring improved access to the hardware necessary to power advanced AI technologies.
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