Altman plans to significantly enhance the global capacity for semiconductor manufacturing
In a bid to reshape the global AI chip industry, OpenAI CEO Sam Altman is reportedly in discussions with investors to raise between $5 trillion to $7 trillion.
According to The Wall Street Journal, the ambitious fundraising effort, if successful, would surpass the combined worth of AMD, Nvidia, and Intel, and aims to address the current scarcity of graphic processing units (GPUs) vital for operating large language models like ChatGPT, Microsoft Copilot, and Google Gemini.
The proposed fundraising sum is indicative of the substantial capital required to establish new semiconductor manufacturing capabilities. Altman is said to be proposing a partnership between OpenAI, investors, chip makers, and power providers to collectively finance the construction of chip foundries, which will be operated by existing chip makers. OpenAI is expected to be a significant customer of these new factories.
