Sam Altman Seeks $7 Trillion to Supercharge Chip Production

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Sam Altman, the CEO of OpenAI, has a very ambitious plan to help address the global chip shortage. He is trying to raise a staggering $7 trillion to invest in increasing chip production worldwide.

The demand for computer chips, especially those used in artificial intelligence like Nvidia's H100 chip, is growing rapidly as companies develop more AI applications. However, there just aren't enough chips being made right now. This shortage has caused prices to rise and delayed many projects.

To solve this, Altman wants to raise money from investors around the world including countries like the United Arab Emirates. If successful, this funding could be used to build many new factories to make computer chips. This would dramatically increase the supply of chips and drive prices down over time.

Raising $7 trillion would be an incredibly difficult task. To put it in perspective, that's more money than the total value of the two biggest tech companies, Apple and Microsoft, combined.

While talks are still early, Altman believes this massive investment is needed to avoid chip shortages slowing progress in AI for years to come. His goal is to bring together chip makers and investors on a global scale to tackle this important issue.