The CEO of OpenAI, Sam Altman, is looking for a $7 trillion funding to overtake the world’s semiconductor trade, reviews The Wall Street Journal.
Semiconductor chips are a vastly limiting issue on the earth of synthetic intelligence (AI) improvement as a result of extraordinarily excessive computing energy wanted to coach AI fashions. With this funding, Altman is trying to negate an element that considerably limits OpenAI’s development potential.
Despite big funding and strategic focus from the US authorities, the semiconductor chip trade is complicated. Due to its strategic worth and the significance of chips to AI improvement, it is a extremely regulated trade and the US has tight controls on the export of chips. Altman has met with Commerce Secretary Gina Raimondo to debate his formidable plan.
“OpenAI has had productive discussions about increasing global infrastructure and supply chains for chips, energy, and data centers—which are crucial for AI and other industries that rely on them,” stated a spokesperson for OpenAI to the WSJ. “We will continue to keep the U.S. government informed given the importance to national priorities, and look forward to sharing more details at a later date.”
However, fundraising the $5 – 7 trillion {dollars} required will likely be no straightforward feat. As the WSJ reviews, the scale of the worldwide semiconductor chip market was $527 billion final yr and isn’t anticipated to succeed in $1 trillion till 2030. The funding sought dwarfs even the marketplace for chip manufacturing gear, which was roughly $100 billion final yr.
Sam Altman is on the lookout for an quantity larger than most nation’s GDP
Let’s simply cease for a second and put this determine in context as a result of $7 trillion is an extravagantly massive amount of cash. The GDP of the United Kingdom is $3.1 trillion, lower than half of what Alman is looking for. The mixed worth of Microsoft and Apple, the USA’s highest-valued companies, is simply over $6 trillion.
The tech entrepreneur has met with representatives from the federal government of the United Arab Emirates and businesspeople from Taiwan to try to advance his plans. Despite Middle Eastern curiosity, Altman needs to focus his chip vegetation within the US, partly as a result of big funding coming from the Biden administration into the chip trade.
OpenAI is partnered with Microsoft and has their full assist. Altman has mentioned his plans with Satya Nadella, Microsoft CEO, and Kevin Scott, its CTO, and is continuing with their buy-in.
Nothing has but been confirmed relating to this monumental plan, however Altman continues to fulfill with highly effective folks to push it ahead.
Featured picture credit score: Midjourney
