PYMNTS.com February 11, 2024

OpenAI CEO Sam Altman is reportedly pitching a multitrillion dollar artificial intelligence project to investors.

Altman is in discussions with backers that include the government of the United Arab Emirates to raise funds for an initiative that would increase the planet’s chip-building capabilities and artificial intelligence (AI) powering abilities, a recent Wall Street Journal (WSJ) report said.

The WSJ cites sources familiar with the matter, one of whom said Altman’s vision of reducing the scarcity of AI chips used to train large language models (LLMs) could mean raising between $5 trillion to $7 trillion.

The report also notes the uphill battle facing Altman: The amount of money in question would eclipse the current global semiconductor market, which is projected to...

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