OpenAI CEO Sam Altman has begun talks with investors to raise $5 trillion to $7 trillion for the ambitious chip manufacturing project. It is reported The Wall Street Journal with references to sources.
According to them, the initiative is aimed at developing the global production of semiconductors and expanding their potential into the field of artificial intelligence.
The project will also solve the problem of shortage of expensive chips that OpenAI faced. They are necessary for learning large language models.
Negotiations are at an early stage, the full list of investors is unknown. According to the sources, Altman discussed the initiative with US Commerce Secretary Gina Raimondo, UAE authorities, Taiwan's TSMC and Japan's Softbank, which owns chipmaker Arm.
In the talks, he allegedly proposes the idea of a partnership between investors, processor manufacturers and electricity suppliers to jointly finance the construction of factories. OpenAI will be a major customer of the latter according to the WSJ.
Sources said that Altman shared his plans with one of II-company's biggest investors, Microsoft. The corporation allegedly supports his efforts.
At the end of 2023, the media reported that OpenAI was negotiating a new round of financing, which would put its valuation at $100 billion or more.
It will be recalled that in February 2024, journalists learned that the company is developing a system of autonomous AI assistants capable of taking control of the user's device to perform certain tasks.
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