The Wall Street Journal Reports That Openai’s Altman Is in Talks to Raise Funds for Chips and AI Initiatives

According to those acquainted with the topic, the project might cost between $5 trillion and $7 trillion to fund.

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The Wall Street Journal Reports That Openai’s Altman Is in Talks to Raise Funds for Chips and AI Initiatives

According to those acquainted with the topic, the project might cost between $5 trillion and $7 trillion to fund.

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Altman’s financing plans aim to address obstacles to OpenAI’s expansion, such as a lack of artificial intelligence (AI) processors needed to train big language models for systems like ChatGPT, according to the WSJ.

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The Semiconductor Industry Association (SIA) forecasts a 13.1% increase in worldwide chip sales to $595.3 billion this year

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According to the report, the amounts Altman has referenced are very substantial in terms of corporate fundraising.

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Furthermore, Microsoft-backed OpenAI is developing agent software to automate difficult activities by taking over a user’s device.

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In late 2022, the business introduced the ChatGPT chatbot, which popularised generative AI with its capacity to produce sonnets and emails.

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