Sam Altman, the CEO of OpenAI, is actively engaged in discussions with prominent Middle Eastern investors and reputable chip fabricators, including TSMC, to explore the possibility of launching a groundbreaking new venture in the realm of semiconductor technology.

This strategic move aligns with Altman’s objective of meeting the escalating demand for semiconductors within his company, all the while striving to reduce OpenAI’s reliance on Nvidia, a prominent player in the field.

Altman’s endeavors have extended to conversations with some of the most affluent investors in the Middle East, seeking their financial support for this ambitious undertaking. The primary focus of this venture is to develop cutting-edge chips essential for the training and construction of advanced AI models, along with the establishment of the necessary manufacturing facilities.

At the heart of these negotiations lies a significant figure in the United Arab Emirates’ investment landscape – Sheikh Tahnoon bin Zayed al-Nahyan. Renowned as one of Abu Dhabi’s most prosperous and influential individuals, Sheikh Tahnoon’s potential involvement in funding this venture underscores its significance. Notably, he holds the esteemed position of national security adviser and is a distinguished brother of Sheikh Mohammed bin Zayed al-Nahyan, the president of the UAE, further adding to his stature and influence within the region.

It is currently unclear how much Altman aims to secure from this venture. Both OpenAI and TSMC did not comment on the matter.

Bloomberg initially broke the news regarding Sam Altman’s negotiations with Middle-Eastern investors regarding a prospective chip venture in the region.

TSMC, a pivotal player in the semiconductor industry, holds a significant presence in the tech landscape, with its chips being a key component in Apple’s laptops and smartphones, as well as numerous ARM and AMD devices.

In another intriguing development, it has come to light that Tang Tan, Apple’s Vice President of iPhone design, is set to collaborate with the renowned designer Jony Ive and OpenAI CEO Sam Altman on a groundbreaking new AI hardware project, promising further innovation in the field.

Furthermore, back in November of the preceding year, reports had already begun to circulate about Sam Altman’s ambitious plans to embark on a fresh AI venture, laying the foundation for the exciting developments currently unfolding.

Via: Financial Times