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<p>The post <a href="https://coinpedia.org/news/openai-ceo-sam-altman-to-raise-billions-to-develop-ai-chip/">OpenAI CEO Sam Altman to Raise Billions to Develop AI Chip</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recent Bloomberg report, <a href="https://cointelegraph.com/news/open-ai-artificial-intelligence-ceo-sam-altman-no-way-build-future-ai-energy-fusion-breakthrough">OpenAI’s CEO Sam Altman</a>, stands at the forefront of artificial intelligence (AI) innovation. Altman’s discussions with potential investors reveal a pioneering approach to AI chip development that could reshape the industry. As he seeks funds, Altman paves the way for advanced fabrication plants, or fabs. </p> 
<p>Let’s delve into the details.</p> 
<h2 class="wp-block-heading" id="h-exploring-the-vision"><strong>Exploring the Vision</strong> </h2> 
<p>Sam Altman’s visionary pursuit involves raising substantial funds to realize a network of unique AI chip factories. These facilities will manufacture semiconductors, marking a significant stride in AI evolution. Altman’s discussions, detailed in a recent report, involve key players like the Abu Dhabi-based G42 and Japan’s SoftBank Group. </p> 
<p>The roster of investors adds an intriguing layer to <a href="https://coinpedia.org/crypto-live-news/sam-altman-officially-resumes-the-ceo-role-at-openai/">OpenAI’s</a> quest.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/sam-altmans-strategy-to-surpass-nvidia-in-the-ai-chip-market/">Sam Altman’s Strategy to Surpass Nvidia in the AI Chip Market</a></p> 
<h2 class="wp-block-heading" id="h-g42-and-openai-s-collaboration"><strong>G42 and OpenAI’s Collaboration</strong> </h2> 
<p>Discussions between OpenAI and G42 commenced in October 2023, with anticipated funding between $8 billion and $10 billion. While details remain uncertain, the report hints at involvement from major players like Taiwan Semiconductor Manufacturing Company and Samsung Electronics as primary producers for OpenAI. </p> 
<p>While AI chips take center stage, Altman envisions a future where AI’s destiny is linked to an ambitious, yet-to-be-defined form of energy. This perspective introduces an element of unpredictability to OpenAI’s trajectory, setting the stage for unprecedented advancements.</p> 
<h2 class="wp-block-heading" id="h-meta-s-mark-zuckerberg-joins-the-ai-chip-race"><strong>META’s Mark Zuckerberg Joins the AI Chip Race</strong> </h2> 
<p>In a parallel development, META’s CEO, <em><a href="https://coinpedia.org/news/elon-musk-and-jack-dorsey-criticize-metas-threads/">Mark Zuckerberg</a></em>, expresses his intent to invest in AI chips for enhanced technology infrastructure. Zuckerberg plans to source chips from Nvidia, targeting the completion of about 350,000 H100 units in graphic processing by end-2024. </p> 
<p>This strategic move solidifies the competitive landscape, with tech leaders vying for supremacy in AI.</p>

OpenAI CEO Sam Altman to Raise Billions to Develop AI Chip

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