OpenAI, the artificial intelligence research lab, has raised $11.3 billion and is now reportedly seeking an additional funding round that could reach up to $7 trillion, according to a Wall Street Journal report. This ambitious effort, led by OpenAI's chief Sam Altman, aims to reshape the semiconductor sector with new developments in AI chips and foundries, which are projected to add $5-$7 trillion to the global economy. Notable companies involved include Nvidia ($NVDA), TSMC ($TSM), and ASML ($ASML). OpenAI believes that with this funding, it could potentially double its revenue by 2025. The company has also shared its pitch deck, indicating a strategic move to secure investment for this groundbreaking initiative.
OpenAI pitching their next project to investors https://t.co/VLNI8Nfeit
OpenAI Considers $7 Trillion Round, Thinks It Can Double Revenue by 2025: Reports ► https://t.co/kHFvvlsTIK https://t.co/kHFvvlsTIK
Sam Altman is raising 7 trillion funding for OpenAI. And here we were mad at Byjus for burning a few billion. We really need to increase our ambitions. Why burn billions when you can burn trillions? https://t.co/nOE7fLqztn
NEW: OpenAI chief looking to raise trillions to reshape semiconductor sector: WSJ https://t.co/Ojy5JG0GZW
New chip and foundry for #AI will raise $5-$7 Trillion. Not billion $NVDA $TSM $ASML https://t.co/wwWiyegZ56
OpenAI has raised $11.3B Here's their pitch deck: https://t.co/FCuLVfSqYF