Post by
wintersun10 on Jan 20, 2024 10:18am
AI billions
Jan 19 (Reuters) - OpenAI CEO Sam Altman plans to use the billions of dollars he is
trying to raise for a chip venture for setting up a network of factories that will manufacture semiconductors, Bloomberg News reported
, opens new tab on Friday, citing people with knowledge of the plans.
Altman has had talks with several large potential investors in the hopes of raising the
vast sums needed for chip fabrication plants, colloquially known as fabs, the report said.
The project would involve working with top chip manufacturers and the network of fabs
would be global in scope, according to the report.
Manufacturing chips is expensive. They also require copious amounts of natural resources,
in addition to the billions of dollars in funding. Costs have been rising over the years
as technology advances to make chips used in artificial intelligence applications.
Abu Dhabi-based G42 and Japan's SoftBank Group (9984.T)
, opens new tab are among the firms that have held discussions with the OpenAI boss, but
the talks are still early and a full list of involved partners and funders has not been
established, the report said.
The talks with G42, with which the ChatGPT maker partnered in October last year, alone
had focused on raising $8 billion to $10 billion, although the current status of the
discussions is unclear, according to the report.
Intel (INTC.O)
, opens new tab, Taiwanese chipmaker Taiwan Semiconductor Manufacturing Co (2330.TW),
opens new tab and Samsung Electronics (005930.KS)
, opens new tab are potential partners for OpenAI, the report added.
OpenAI, SoftBank, Intel, TSMC, G42 and Samsung did not immediately respond to Reuters
requests for comment. Microsoft declined to comment.
Altman returned to OpenAI in November after a surprise ouster that had sent shockwaves
through the tech industry.
The Bloomberg report said he had been hard at work on the chips project until he was
temporarily ousted and upon his return, he rekindled the efforts. He has also sounded
out Microsoft (MSFT.O)
, opens new tab on the plan, and the software giant is interested, the report added.
Comment by
wintersun10 on Jan 21, 2024 10:35am
"The Bloomberg report said he had been hard at work on the chips project until he was temporarily ousted and upon his return, he rekindled the efforts. He has also sounded out Microsoft (MSFT.O) , opens new tab on the plan, and the software giant is interested, the report added." This quote is ripe for dot connecting...............
Comment by
wintersun10 on Jan 25, 2024 11:18am
Now is a good time to revisit this. There is cash available for AI, in fact billions. The question is, is Poet management up to the task to channel some of the billions into Poet? Before the voting at the next AGM, management can show what they are made of. Can't make claims there is no money for AI.