According to the report, Abu Dhabi-based G42 and Japan’s SoftBank Group are in early discussions with OpenAI CEO Sam Altman.
OpenAI CEO Sam Altman aims to utilize the funds raised for a chip venture to establish a series of semiconductor manufacturing facilities, sources familiar with the plans reported on Jan 19.
According to the report by Bloomberg, Altman is in discussions with several significant potential investors to secure the funds required to establish chip fabrication plants, commonly called fabs. The initiative would include collaborating with leading chip producers, and the network of fabs would be worldwide.
Abu Dhabi-based G42 and Japan’s SoftBank Group are in early discussions with OpenAI, with a comprehensive list of partners and funders yet to be finalized, the report says. Since October 2023, OpenAI’s discussions with G42 have reportedly been aimed at raising $8 billion to $10 billion.
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Source: https://cointelegraph.com/news/openai-ceo-sam-altman-eyes-global-chip-venture-funding