“Sam Altman Seeking Investors for AI Chip Venture“
Amid the recent turn of events, reports surfaced that Sam Altman, the ousted CEO of OpenAI, was seeking to raise billions of dollars for a new AI-focused chip venture to compete with Nvidia. Altman had been in the Middle East, raising funds for a project codenamed Tigris, aiming to establish an AI-centric chip company capable of manufacturing semiconductors. He was in preliminary talks with potential investors, including key players such as SoftBank Group Corp. and Saudi Arabia’s Public Investment Fund, seeking substantial investments in the tens of billions of dollars. The scope and codename of Altman’s chip endeavors were not disclosed, but this fundraising activity coincided with a crucial period for OpenAI, currently finalizing a tender offer led by Thrive Capital.
“Altman’s Comeback to OpenAI“
Following his ouster by the board, top investors at OpenAI are reportedly keen on having Sam Altman return to the company, and he is willing to do so, contingent on potential governance changes at the board. The decision to remove Altman as CEO has faced criticism from the tech community and the company’s investors, with support for Altman coming from figures like Satya Nadella, CEO of Microsoft Corporation, and notable members of the Web3 community.
Hot Take
Despite his ouster from OpenAI, Sam Altman’s potential AI chip venture and the possibility of his return to the company have sparked significant interest and support from investors and the tech community. His efforts to raise funds for this new endeavor reflect the continued confidence in his leadership and vision for the future of AI technology.
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