OpenAI CEO Sam Altman reportedly wants to build chip manufacturing factories with venture money

OpenAI CEO Sam Altman reportedly wants to build chip manufacturing factories with venture money

Sam Altman has his sights set on creating chip manufacturing plants.

Bloomberg News reported on Friday about the OpenAI CEO’s goal of creating dedicated semiconductor factories, an important component of artificial intelligence (AI) technology. The outlet cited unnamed sources “with knowledge of the plans.”

Reports of Altman trying to raise the necessary funds have been circulating for two months.

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It requires significant investments to facilitate this endeavor, and has reached out to entities about the possibility of providing it, according to Bloomberg.

OpenAI CEO Sam Altman

Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on November 16, 2023. (Reuters / Carlos Barria / Archive Photo / Reuters Photos)

Altman spoke with technology firm G42, seeking a sum between $8 billion and $10 billion, according to Bloomberg. SoftBank is said to be another company he has spoken with.

FOX Business has reached out to OpenAI, G42 and SoftBank for comment.

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Multiple chip manufacturing plants will reportedly be set up as part of Altman’s global semiconductor endeavor in collaboration with other companies.

Bloomberg identified Taiwan Semiconductor Manufacturing Company, Samsung and Intel as companies that could be considered for possible collaboration with OpenAI. FOX Business reached out to those companies for comment, with Intel declining to do so.

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Demand and supply for semiconductors reportedly helped drive Altman’s intention to build chip manufacturing factories.

Image of Sam Altman with OpenAI logo

OpenAI saw some turmoil late last year amid Altman’s firing and return. (Jap Arens/Noor Photo via Getty Images/Getty Images)

OpenAI, which saw some turmoil late last year amid Altman’s firing and return, is the company behind ChatGPT, which debuted to the public in late 2022.

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The company has since begun offering several different versions of its hugely popular chatbot, as well as an API and other tools.

Earlier this month, it rolled out a store of custom, user-created ChatGPT bots for paying customers.

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