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Sam Altman seeks billions for ambitious chip factory network

OpenAI Sam Altman

This abrupt change in leadership has raised questions about the future direction of OpenAI

by Insider Desk
January 21, 2024

OpenAI CEO Sam Altman has ambitious plans to build a global network of semiconductor factories, according to sources familiar with the project.

To achieve this, he’s seeking billions of dollars in funding from major investors.

Altman has already held talks with potential partners like Abu Dhabi’s G42 and Japan’s SoftBank. The discussions with G42 alone focused on raising a staggering $8-$10 billion. Other chip giants like Intel, TSMC, and Samsung are also on the potential partner list.

Building and operating chip factories is a capital-intensive endeavor, requiring both vast financial resources and access to abundant natural resources. Costs have only climbed as technology demands higher performance for AI applications.

SoftBank, Intel, TSMC, G42, and Samsung have yet to comment on the reports, and Microsoft declined to do so as well. However, sources say Microsoft has shown interest in Altman’s plans.

This bold venture comes after Altman’s surprise ouster and subsequent return to OpenAI in November. He reportedly dedicated himself to the chip project before his departure and revived his efforts upon his return.

Tags: ChipOpenAISam Altman
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