OpenAI CEO Sam Altman is in talks with investors, including from the United Arab Emirates, to raise between $5 trillion to $7 trillion in funding. The goal, according to a report in The Wall Street Journal, is to increase the world’s chip manufacturing capacity and enhance AI capabilities.
The fundraising efforts are part of a broader strategy to address OpenAI’s growth constraints, particularly the scarcity of AI chips needed for training large language models like ChatGPT.
Altman’s proposal is said to include forming a partnership with investors, chip manufacturers, and power providers to finance the construction of chip foundries, which would then be operated by the chip manufacturers.
Exactly right, no one is going to show up with a fleet of cargo planes full of cash lol. It’s a huge amount of money, but if you have several nations investing, plus private business, it could happen - long shot, but it isn’t limited by the amount of cash that exists. He’s basically talking about starting a massive industry in the US that only exists in Japan and Taiwan.