OpenAI CEO Sam Altman has been speaking to a variety of potential traders in a bid to lift billions of {dollars} to arrange a chip-making firm, in line with a report by Bloomberg. The 38-year-old entrepreneur is alleged to be seeking to arrange a community of factories to fabricate semiconductors.
Additionally Learn | Sam Altman addresses ‘nervousness’ round Synthetic Intelligence: ‘It is on us to…’
Notably, constructing a state-of-the-art manufacturing facility would require tens of billions of {dollars} in funding, and making a community of such services will take years, Bloomberg reported.
Among the many prime individuals Altman has spoken to about funding the brand new enterprise are the UAE’s Sheikh Tahnoon bin Zayed al-Nahyan, Taiwan Semiconductor Manufacturing Co (TSMC) and Softbank.
Notably, Sheikh Tahnoon is the brother of UAE President Sheikh Mohammed bin Zayed al-Nahyan and in addition serves as nationwide safety advisor, in line with the Monetary Occasions. Tahoon additionally oversees a few of the nation’s strongest funding funds.
The Monetary Occasions report notes that it isn’t but clear whether or not the brand new firm will probably be a subsidiary of OpenAI or a separate entity. Nonetheless, citing two individuals with data of the matter, the report famous that OpenAI would be the first shopper of the brand new firm.
An earlier report by Reuters final yr famous that OpenAI was exploring the choice of producing its personal chipset and was even evaluating a possible acquisition goal.
The report said that OpenAI had not but finalised the transfer, however that the corporate was discussing varied choices to resolve the AI chip scarcity. OpenAI was additionally stated to be specializing in diversifying its suppliers past Nvidia and dealing with different chip producers.
Why is there a necessity for AI chips?
There was a rising curiosity in synthetic intelligence functions amongst shoppers and firms because the launch of OpenAI’s ChatGPT over a yr in the past. This has led to an enormous demand for the processors which can be required to run these AI choices.
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Revealed: 21 Jan 2024, 08:53 AM IST
