(Reuters) -OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world's chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported on Thursday.
The project could require raising as much as $5 trillion to $7 trillion, the report added, citing people familiar with the matter.
Altman's fundraising plans are aimed at solving constraints to OpenAI's growth, including the scarcity of artificial intelligence (AI) chips required to train large language models behind systems such as ChatGPT, the WSJ reported.
War in Israel and Gaza View All 206 ImagesThe Semiconductor Industry Association (SIA) has forecast a 13.1% jump in global chip sales to $595.3 billion this year, compared with a drop of about 8% in sales in 2023.
The amounts Altman has discussed are outlandishly large by the standards of corporate fundraising, the report added.
Persons:
Sam Altman, Altman, Gnaneshwar Rajan, Rashmi Aich
Organizations:
Reuters, Wall Street, Microsoft, Semiconductor Industry Association, SIA
Locations:
UAE, Israel, Gaza, OpenAI, Bengaluru