OpenAI Executives Contemplates on Using International Chip Venture Financing
AI Trading

The report shows that G42 and SoftBank Group are holding early dialogues with Sam Altman, OpenAI’s chief executive officer.

Sam Altman, OpenAI’s chief executive officer, seeks to use the funds generated for a chip venture to develop several semiconductor manufacturing facilities. This information was shared by persons conversant with the plans reported on January 19.

G42, SoftBank and OpenAI Officials Plan to Establish Semiconductor Manufacturing Facility

The report showed that Altman is holding talks with several major potential investors to acquire the finances needed to develop chip fabrication facilities (fabs). This initiative would entail partnering with major chip developers since the fabs network would be global.

The report notes that G42, an Abu Dhabi-founded firm, and SoftBank Group, a Japan-founded bank, are in early talks with OpenAI, with a complete list of financers and partners yet to be concluded.

AI Trading

Since October last year, OpenAI’s talks with G42 have allegedly sought to raise $8 to $10B. The discussions’ present status remains unknown. Samsung Electronics and Intel, a Taiwan semiconductor manufacturing firm, were listed as possible collaborators for OpenAI.

OpenAI is not the only firm seeking to invest in semiconductor chips. On January 18, Meta’s chief executive officer, Mark Zuckerberg, said the firm intends to invest heavily in specialized computer chips to develop and deliver new AI products and models.

OpenAI Plans to Support the Manufacturing of Semiconductor Chip

He noted that Meta intends to boost its technology infrastructure and acquire nearly 350000 H100 graphics processing units (GPUs) from Nvidia, a chip designer, by the end of this year.

In November last year, Altman rejoined OpenAI following a shocking and short ouster. A report said he recommenced this strategy to secure financing for international semiconductor chip production following his return.

Additionally, he talked about the plan with Microsoft, which has allegedly shown interest. Besides the chief executive officer’s interest in semiconductor chips, Altman remains confident that artificial intelligence’s future could rely on a vigorous but ambiguous energy form that does not exist.

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Michael Scott

By Michael Scott

Michael Scott is a skilled and seasoned news writer with a talent for crafting compelling stories. He is known for his attention to detail, clarity of expression, and ability to engage his readers with his writing.

Leave a Reply

Your email address will not be published. Required fields are marked *