• 21/02/2024 01:12

Looking for $5-7 trillion: OpenAI is looking for investors to launch chip production

OpenAI is negotiating with investors to launch semiconductor production. The preliminary estimate of the project is $5-7 trillion. This was reported by The Wall Street Journal with a link to its sources.

Searching for $5-7 trillion: OpenAI is looking for investors to launch chip production

Read telegram channel “Ministry of Finance”: main financial news

According to sources, raising such an amount will help solve the company's problems with scaling. The project also aims to address the shortage of chips needed to develop new AI-based systems.

OpenAI CEO Sam Altman has proposed potential partnerships with several chip makers, energy suppliers and various investors, the sources noted. OpenAI is expected to become a “major customer” of the new production, they added.

Dialogue with investors, including the government of the United Arab Emirates (UAE), is aimed at removing constraints to the company's business growth, such as shortages of expensive AI- chips for training large language models that underlie ChatGPT and other AI tools.

Recall

The “Ministry of Finance” wrote that OpenAI’s revenues exceeded $2 billion annually, and The success of its flagship product ChatGPT places the company among the fastest-growing technology companies in history.

minfin.com.ua

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