OpenAI is reportedly seeking trillions in funding for AI chip development, aiming to overcome the scaling constraints of the company and overall chip scarcity.
Sam Altman, the CEO of the artificial intelligence (AI) developer OpenAI, is reportedly in talks with investors worldwide to raise trillions of dollars for developing semiconductor chips.
According to a report by The Wall Street Journal on Feb. 8, Altman’s project would require fundraising of around $5–7 trillion. Sources close to OpenAI say the funds would solve the scaling constraints of the company and the scarcity and cost of chips needed to develop high-level AI systems.
Altman has been reportedly pitching partnerships between OpenAI and “various investors,” chip makers and energy providers, saying OpenAI would agree to be a “significant customer” of the new factories.
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Source: https://cointelegraph.com/news/openai-seeking-trillions-ai-chip-development