Sam Altman seeks to raise billions for network of AI chip factories: Report

OpenAI CEO Sam Altman plans to use the billions of dollars he is trying to raise for a chip venture for setting up a network of factories that will manufacture semiconductors, Bloomberg News reported on Friday, citing people with knowledge of the plans.

Altman has had talks with several large potential investors in the hopes of raising the vast sums needed for chip fabrication plants, colloquially known as fabs, the report said.

The project would involve working with top chip manufacturers and the network of fabs would be global in scope, according to the report.