OpenAI's CEO Sam Altman Initiates Talks with Middle Eastern Investors for Groundbreaking Chip Venture

OpenAI's CEO, Sam Altman, is actively engaged in discussions with Middle Eastern investors and chip manufacturers, including Taiwan Semiconductor Manufacturing Co (TSMC), to potentially launch a groundbreaking chip venture.

This move comes as Altman aims to meet the increasing demand for semiconductors within OpenAI while strategically reducing the organization's reliance on Nvidia.

Sources with direct knowledge of the talks reveal that Altman has reached out to prominent investors in the Middle East, including Sheikh Tahnoon bin Zayed al-Nahyan, a highly influential figure and one of Abu Dhabi's wealthiest individuals.

The discussions involve securing funding for a comprehensive project, encompassing the development of chips essential for training and constructing AI models, along with the establishment of manufacturing plants.

In parallel, Altman is exploring a potential partnership with TSMC, the Taiwanese chipmaker, to collaborate on the fabrication of these advanced chips.

These strategic moves underscore Altman's commitment to addressing OpenAI's semiconductor requirements through innovative ventures and partnerships.

Source: Andrew England and Chloe Cornish / Financial Times