OpenAI Launches Global AI Infrastructure Initiative: U.S. Investments Reach Billions

Home Hardware OpenAI Launches Global AI Infrastructure Initiative: U.S. Investments Reach Billions

Updated on September 4 2024

According to reports, OpenAI CEO Sam Altman's plans for global AI infrastructure are becoming clearer. Initially, the initiative will launch across various states in the U.S., aiming to establish the necessary machines and systems, with estimated costs reaching the hundreds of billions of dollars.

Since the beginning of this year, Altman has been actively seeking support from the U.S. government to form a global investor alliance, which would fund the expensive infrastructure required for rapid AI development. Proposed projects include building data centers, upgrading energy capacity with turbines and generators, and enhancing semiconductor manufacturing capabilities.

The plan has garnered support from investors in Canada, South Korea, Japan, and the UAE, with OpenAI’s primary strategic investor, Microsoft, also seen as a potential partner.

Recently, OpenAI's executive team has been in discussions with global investors about funding options. The organization is currently in the process of raising a new financing round, projected to amount to billions of dollars, with a valuation exceeding $100 billion. Venture capital firm Thrive Capital is expected to invest $1 billion and lead this round.

Additionally, Altman has outlined an ambitious AI chip initiative aimed at raising $7 trillion to transform the global semiconductor industry, thereby accelerating the development of Artificial General Intelligence (AGI).

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OpenAI Launches Global AI Infrastructure Initiative with Sam Altman Planning to Invest Billions

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