OpenAI CEO Sam Altman Hunts for Trillions to Boost AI Capabilities
OpenAI CEO Sam Altman is seeking multitrillion-dollar funding from investors, including the government of the United Arab Emirates, to enhance chip-building and artificial intelligence (AI) capabilities, as reported by Wall Street Journal (WSJ).
- Altman aims to reduce the scarcity of AI chips used to train large language models (LLMs).
- He is in talks to raise between $5 trillion to $7 trillion, an amount that would surpass the current global semiconductor market.
- OpenAI’s revenue reportedly exceeded $2 billion, placing the company among tech giants like Google and Meta.
“The ChatGPT light bulb went off in everybody’s head, and… brought artificial intelligence and state-of-the-art deep learning into the public discourse,” said Andy Hock, senior vice president of product and strategy at AI accelerator company Cerebras, during a conversation with PYMNTS.
News of OpenAI’s plans comes amid the company’s rapid revenue growth, making it one of the fastest-growing firms in history.
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