OpenAI Chief Executive Officer (CEO) Sam Altman is in talks with several officials with the government of the United Arab Emirates to increase billions of dollars and increase the world’s aptitude to build cutting-edge semiconductors and fuel artificial intelligence.
According to a Wall Street Journal report, Altman’s “wildly determined tech initiative” would need to raise nearly $7 trillion, Fox News reported.
As part of his pitch to investors, Sam Altman has proposed constructing hundreds of semiconductor foundries, which would afterward be managed by already-established chip manufacturers like Taiwan Semiconductor Manufacturing Company (TSMC).
He strategies to solve issues that hinder OpenAI’s growth, such as the lack of semiconductors that power AI models such as ChatGPT.
According to the report, Sam Altman has been meeting with diverse high officials, such as SoftBank’s chief executive Masayoshi Son, TSMC executives, and United States Secretary of Commerce Gina Raimondo.
While many countries have announced plans to support local semiconductor production, global supply is still being conquered by a handful of firms, including Taiwan Semiconductor Manufacturing Company (TSMC) and California-based NVIDIA.
A spokesperson from OpenAI said that they’ve had “creative discussions about cumulative global infrastructure and supply chains and would share more details at a later date.”
Sam Altman, with his unrealistic approach, has made a name for himself in the field of AI and has become one of the most recognized faces.
In November, the 38-year-old businessperson was fired from the start-up he co-founded, only to be restored several days later after protests by employees and investors.