According to a report from The Wall Street Journal on Friday, Sam Altman, the CEO of OpenAI, is discussing raising funds for an extremely ambitious tech initiative with investors. The report states that Altman is talking with investors, including the United Arab Emirates government. The WSJ said its sources told them the project could require raising as much as $5 trillion to $7 trillion. The report states that Altman's new fundraising plans will take energy consumption into account, as AI facilities require enormous amounts of electricity. An OpenAI spokeswoman told the WSJ that the company has "had productive discussions about increasing global infrastructure and supply chains for chips, energy and data centers."

Source: Wall Street Journal February 09, 2024 16:33 UTC