OpenAI CEO Sam Altman seeks to raise trillions of dollars from investors, including the UAE government, to increase the world’s capacity to produce advanced chips and power artificial intelligence. Altman proposes building dozens of chip foundries run by existing chip makers, such as Taiwan Semiconductor Manufacturing Company (TSMC). The plans aim to solve obstacles to OpenAI’s growth, including a scarcity of chips for AI models like ChatGPT. Altman has held meetings with senior UAE officials, TSMC executives, US Secretary of Commerce Gina Raimondo, and SoftBank CEO Masayoshi Son.
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