Mon. Dec 23rd, 2024
Openai's Sam Altman In Talks To Raise Funding For Chip

OpenAI CEO Sam Altman has announced plans to raise funding for technology initiatives to, among other things, strengthen global chip manufacturing capacity and expand capacity to power AI, including in the UAE. The Wall Street Journal reported Thursday that the company is in talks with investors.

OpenAI CEO Sam Altman (Bloomberg)

The report added that the project could require as much as $5 trillion to $7 trillion in financing, citing people familiar with the matter.