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HomeBusinessOpenAI's Altman in talks to raise funds for chips, AI initiative

OpenAI’s Altman in talks to raise funds for chips, AI initiative


OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world’s chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported on Thursday.

Sam Altman, chief executive officer of OpenAI.(Bloomberg)
Sam Altman, chief executive officer of OpenAI.(Bloomberg)

The project could require raising as much as $5 trillion to $7 trillion, the report added, citing people familiar with the matter.



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