Sam Altman seeks $7 trillion to overhaul AI chip industry

Altman estimates that he would need between $5 trillion and $7 trillion to overhaul the semiconductor industry, which is currently dominated by Nvidia.

Sam Altman, the CEO of OpenAI, has a bold vision for the future of artificial intelligence: he wants to increase the global production of AI chips massively, and he is looking for trillions of dollars in funding to do so., Altman is in talks with various investors, including the government of the United Arab Emirates, to launch a project that wouldcapacity of the world.

The law also offers a 25% investment tax credit, worth $24 billion, for building chip plants. The National Semiconductor Technology Center, a public-private partnership, is the centerpiece of this R&D program. Altman was also reportedly seeking billions for a new chip venture code-named "Tigris," which he hoped to compete with Nvidia in the future. He traveled to the Middle East to raise money from investors, but his plan was interrupted by his briefof OpenAI in November 2023. He was reinstated a week after a wave of protests and resignations from OpenAI's employees and investors, including Microsoft.

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