The numbers have been accurately reported, according to The Wall Street Journal. The report states that Sam Altman, the CEO of OpenAI, has started conversations with multiple investors including the UAE government, Masayoshi Son, the CEO of SoftBank, and representatives from TSMC, in order to secure investments for a new company. The goal is to revolutionize the semiconductor industry by focusing on developing AI processors.
The report reveals that Altman’s proposed figures for this project range from $5 billion to $7 billion. In Thai baht, that amounts to a staggering 1.8-2.5 hundred trillion baht. These figures may seem incredibly high, prompting questions as to why such a hefty investment is necessary. To put it into perspective, Microsoft has a market value of approximately $3 trillion, while the entire global chip manufacturing industry had sales of $527 billion last year, with an estimated projection of reaching $1 trillion by 2030, while operating costs for the industry were at $100 billion last year.
Previously, it was reported that Sam Altman was attempting to establish a company that develops and produces AI processors to meet the increasing demand for processing power in OpenAI. Simultaneously, the new chip designs should consume less energy, which is a current challenge for AI technology.
The report indicates that Altman’s negotiations with investors are still in the early stages and may take several more years, if not entirely fall through. However, it highlights Altman’s perspective on the challenges he sees and his determination to overcome them.
TLDR: OpenAI’s CEO, Sam Altman, has begun discussions with various investors to secure investments ranging from $5 billion to $7 billion for a new company aimed at revolutionizing the semiconductor industry and developing AI processors. Altman’s negotiations are still at an early stage and may take years, but they reflect his determination to address the challenges he sees in the industry.
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