OpenAI’s Altman in talks to raise funds for chips, AI initiative: Report

OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world’s chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported on Thursday.

The project could require raising as much as $5 trillion to $7 trillion, the report added, citing people familiar with the matter.

OpenAI and its biggest investor Microsoft did not immediately respond to Reuters’ requests for comment.