The following report, which was sourced from The Wall Street Journal, claims that Sam Altman, the CEO of OpenAI, has begun discussions with multiple investors, including the UAE government, Masayoshi Son, the CEO of SoftBank, and representatives from TSMC, in an effort to raise funds for a new company. The goal of this endeavor is to revolutionize the semiconductor industry by focusing on the development of AI chips.
According to the report, Altman has proposed an investment amount ranging from $5 trillion to $7 trillion. To put this into perspective, Microsoft has a market value of approximately $3 trillion, and the entire global chip manufacturing industry had sales of $527 billion last year, with projections to reach $1 trillion by 2030. However, it is important to note that the operating costs of the chip manufacturing industry have also increased, reaching $100 billion last year.
Prior to this, there were reports that Sam Altman was attempting to establish a chip development and production company to support the processing needs of OpenAI, as the demand for computational power in AI continues to grow. At the same time, the new generation of chips should also consume less energy, which is a challenge currently faced by AI.
The report indicates that Altman’s negotiations with investors are still in the early stages and could take several more years or even not materialize at all. However, it reflects Altman’s understanding of the challenges ahead and his determination to overcome them.
TLDR: Sam Altman, CEO of OpenAI, is in discussions with various investors to raise funds for a new company focused on revolutionizing the semiconductor industry through AI chip development. The proposed investment amount ranges from $5 trillion to $7 trillion. While negotiations are still in their early stages, Altman’s vision highlights the need to address the increasing demand for computational power in AI while reducing energy consumption in chip production.
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