OpenAI chief pursues investors including the U.A.E. for a project possibly requiring up to $7 trillion but why exactly ? Keep Reading to find out more.
OpenAI’s CEO, Sam Altman, is actively pursuing discussions with investors, including those from the UAE, to secure substantial funding for an innovative chip and AI initiative. Initial projections indicate a staggering investment requirement of $5 to $7 trillion. This initiative is aimed at tackling the persistent challenge of chip scarcity, a significant barrier to advancing AI technologies. Altman’s strategic vision involves forming key partnerships with chip manufacturers and power providers to establish chip foundries, with potential funding avenues including debt financing.