• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, June 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

OpenAI Seeks Trillions Of Dollars To Transform Global Semiconductor Industry

by Leadership News
1 year ago
in Business
OpenAi
Share on WhatsAppShare on FacebookShare on XTelegram

Sam Altman, the chief of OpenAI, is on a mission to secure trillions of dollars in funding to overhaul the global semiconductor industry. According to a Wall Street Journal report on Thursday, Altman has engaged in discussions with several potential investors, including the government of the United Arab Emirates (UAE).

Advertisement

The initiative aims to address some of the most pressing issues confronting the rapidly growing artificial intelligence sector, such as the scarcity of sophisticated computer chips necessary for powering large-language models like OpenAI’s ChatGPT.

Currently, the semiconductor industry is controlled by a limited number of companies, notably Taiwan Semiconductor Manufacturing Company (TSMC) and the US-based NVIDIA.

Although various nations have announced initiatives to bolster local chip production, the financial backing they have pledged significantly falls short of the enormous amounts Altman is purportedly negotiating with investors.

The Wall Street Journal suggests that the overall cost to bring Altman’s vision to fruition could reach up to $7 trillion. This figure surpasses the combined market value of the world’s two largest publicly traded companies, Apple and Microsoft, by approximately one trillion dollars.

RELATED

Analyst Hails Senate Over Passage Of Tax Reform Bills

Tinubu Set To Assent Tax Reform Bills

6 hours ago
FAAC Shares N722.677bn For March

Federal Gov’t, States Share N1.659trn May Revenue

6 hours ago

An OpenAI spokesperson informed the Journal that the company has engaged in “productive discussions about increasing global infrastructure and supply chains for chips, energy, and data centres.” The spokesperson also mentioned OpenAI’s commitment to keeping the US government apprised due to the project’s relevance to national objectives.

Altman has reportedly met with senior officials from the UAE, as well as SoftBank’s CEO Masayoshi Son and representatives from TSMC. Bloomberg and the Financial Times have also covered some of Altman’s recent discussions.

The Wall Street Journal reports that Altman has proposed the construction of numerous chip-fabrication facilities in the coming years using funds from Middle Eastern investors and suggested that TSMC could be contracted to build and manage these plants.

Following the highly publicised launch of ChatGPT, Altman’s profile has fluctuated. In November, he experienced a brief dismissal from OpenAI, only to be reinstated days later amid pushback from staff and investors.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

Asagba Of Asaba Feared Dead As Palace Denies News

Next Post

APM Terminals Set To Invest $500m In Apapa Port

Leadership News

Leadership News

You May Like

Analyst Hails Senate Over Passage Of Tax Reform Bills
Business

Tinubu Set To Assent Tax Reform Bills

2025/06/18
FAAC Shares N722.677bn For March
Business

Federal Gov’t, States Share N1.659trn May Revenue

2025/06/18
Centre Laments Poor Presence Of CNG Outlets In North
Business

PCNGI Implements Concessionary Pricing For Mobility CNG, Unveils Framework

2025/06/18
NCC
Business

USSD Stands At ₦6.98 Per 120 Seconds As End-user Billing Begins

2025/06/18
‘Fuel Price Fall Predicted As Port Harcourt Refinery Begins Operation’
Business

Toll Fee: Petrol Scarcity Looms In S/West As Marketers Halt Distribution In Lagos

2025/06/18
Huawei Launches Scholarship, Awards Students In ICT Competition
Business

Nigeria Reclaims Global ICT Spotlight In 48-Country Council, Targeting 2.6bn Unconnected

2025/06/18
Leadership Conference advertisement

LATEST

PICTORIAL: Enenche, Wife Visit Benue Community Over Killings, Distribute Relief Materials

NEF Condemns Benue Massacre, Accuses Gov’t Of Betrayal, Inaction

Audit Reports: Senate Gives NNPCL 1 Week To Account For ‘Missing’ ₦210trn

12 Suspected Bandits Killed, Weapons Recovered In Katsina

Ex-VP Sambo’s Ally Sidi, Supporters Defect To APC In Kaduna

Tinubu Set To Assent Tax Reform Bills

Federal Gov’t, States Share N1.659trn May Revenue

Tinubu Orders Security Chiefs To Arrest Killers Of Benue People

Again, Gunmen Attack Senator Natasha’s Family Home In Kogi

UNIPORT At 50: Varsity Confers Honorary Degree On FCT Minister Wike

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.