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OpenAI: Sam Altman to raise $7 trillion for chip production

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OpenAI: Sam Altman to raise $7 trillion for chip production

Sam Altman is the CEO of OpenAI – the company behind ChatGPT. Patrick Fallon/Getty Images

OpenAI boss Sam Altman reportedly wants to raise trillions of dollars to address the chip shortage.

The Wall Street Journal reports that he has held discussions with investors including the United Arab Emirates.

Altman proposed a partnership with OpenAI, chip makers and investors to fund GPU chip factories.

This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and checked by a real editor.

Sam Altman wants to raise up to seven trillion dollars (6.5 trillion euros) to significantly increase the global supply of semiconductor chips. That reported that „Wall Street Journal“. The OpenAI boss has spoken to potential investors, including the government of the United Arab Emirates, about his proposals to solve the global chip shortage.

One potential backer Altman is courting is Sheikh Tahnoun bin Zayed al Nahyan of the United Arab Emirates. Altman is expected to pitch his idea as a partnership with OpenAI, chip makers and investors who can fund GPU chip factories. The systems would then be operated by established chip manufacturers, the report says.

GPUs – “gold” of artificial intelligence

GPUs are computer chips that can, among other things, drive ChatGPT, process graphics and accelerate deep learning processes. Loud the leading chip manufacturer Nvidia is hailing GPUs as the “gold” of artificial intelligence because they are critical to the development of generative AI.

Last year Altman said in the „Financial Times“ predicts that the “brutal crisis” caused by the chip shortage will ease in 2024 as more players enter the market.

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OpenAI’s CEO has also spoken out about the need for greater infrastructure to support AI development. In a post on Platform X he wrote this week: “We believe the world needs more AI infrastructure – manufacturing capacity, energy, data centers, etc. – than people are currently planning to build. Building a massive AI infrastructure and a robust supply chain is crucial for economic competitiveness. OpenAi will try to help!”

For comparison, seven trillion dollars is more than the 2022 US federal budget ($6.3 trillion) or Japan’s gross domestic product (GDP) ($4.23 trillion). And significantly more than lfrom a study would be needed to end global hunger ($330 billion). You could also do it four times all real estate in New York City kaufen.

OpenAI will generate more than two billion dollars in sales in 2023

OpenAI has last year more than two billion dollars (1.8 billion euros) in sales, the FT reported on Friday, also citing unnamed sources. The company was only founded in 2015 and is therefore part of Google and Meta to the elite club of Silicon Valley startups that have generated annual sales of one billion dollars (900,000 euros) within their first decade.

OpenAI did not immediately respond to a request for comment from Business Insider outside of normal working hours.

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