OpenAI CEO aims to revamp semiconductor industry with investments

CNBC February 9, 2024, 04:00 PM UTC

Summary: OpenAI CEO Sam Altman aims to revamp the semiconductor industry, seeking trillions in investments to address the AI chip supply-and-demand issue. He's in talks with investors, including the UAE government, and may need $5-7 trillion. Altman's previous chip ventures faced controversy. Nvidia dominates the AI chip market, but Altman seeks to change that. OpenAI's ChatGPT app has over 100 million weekly users. Altman was briefly ousted in 2023. The company has announced a new board.

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