Chief Executive Officer of OpenAI Sam Altman wants to make a deal with investors to get money for big AI ideas like an AI chip. He wants to make AI even smarter.
Sam Altman has tried to get help from many backers, including the government of the United Arab Emirates. His big plan could cost around $7 trillion and include building a lot of chip foundries that would be run by companies that already make chips, like Taiwan Semiconductor Manufacturing Company.
Altman is going to try to get money that will help solve some of the problems AI is having right now, like the lack of AI chips. There are, however, many investors who say that the amount of money this project needs is “outlandishly large by the standards of corporate fundraising.”
Altman has met with a lot of different investors and government leaders to pitch his idea and get money for it. TSMC leaders, US Secretary of Commerce Gina Raimondo, and Masayoshi Son, who is the CEO of SoftBank, are said to have talked to him. But we don’t know how far along he is with asking partners for money. What we do know is that many people have told him he will need a lot of it.
People like Sam Altman have said that they have big plans for AI and are having “productive discussions about increasing global infrastructure and supply chains.”
Many people in the world of AI know Sam Altman because he started OpenAI, which was one of the first big AI tools. He was fired from the startup he co-founded, but protests got him back on. Since then, he’s been in the news pushing for AI to have a better future
