OpenAI chief looking to raise trillions to reshape semiconductor sector: WSJ

OpenAI chief Sam Altman is seeking to raise trillions of dollars to reshape the global semiconductor industry, and has held talks with potential investors including the UAE government, the Wall Street Journal reported Thursday. The global chip industry is currently dominated by just a few firms, including Taiwan Semiconductor Manufacturing Company (TSMC) and US-based NVIDIA. The Journal estimated that the total cost of realizing Altman's project could be as much as $7 trillion. An OpenAI spokesperson told the Journal the company has held "productive discussions about increasing global infrastructure and supply chains for chips, energy and data centers." After rising to prominence following the widely-publicized release of ChatGPT, Altman's fortunes have wavered in recent months.