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OpenAI, Sam Altman AI Hardware, Chips Coming? Looking to Raise Billions for Venture

Jan 20, 2024 - techtimes.com
OpenAI, led by its founder and reinstated CEO Sam Altman, is reportedly planning to venture into the development of AI chips and hardware. The company aims to raise billions for this new direction, with plans to establish a global network of factories in partnership with top chip manufacturers. This move comes in the wake of significant successes in the AI chip industry, including Nvidia's rise to a $1 trillion valuation due to its investments in AI chips.

Altman's plan involves raising an unspecified amount of money to kickstart the project, following the trend of other companies developing their versions of AI chips to enhance their tech capabilities. Other tech giants, including Amazon and Intel, are also looking to self-produce AI chips. OpenAI's focus will be on chips and other components that will support its technology, with the aim of raising billions from investors to get started.

Key takeaways:

  • OpenAI, led by CEO Sam Altman, is planning to venture into the development of AI chips and hardware, and is looking to raise billions for this project.
  • The company plans to establish a network of factories across the world, partnering with top chip manufacturers.
  • Nvidia has seen significant success in the AI chip market, contributing to its valuation of over $1 trillion.
  • Other major tech companies, including Amazon and Intel, are also looking to self-produce AI chips to enhance their respective technologies.
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