- Australia police arrest 554 in domestic violence crackdown
- South Korea, Britain host AI summit with safety top of agenda
- New president Lai vows to defend Taiwan's democracy
- Forever fad: Rubik says his cube 'reminds us why we have hands'
- Trump eyes witness stand as trial draws to a close
- Ryanair annual profit jumps on higher demand, fares
- High-priced Cummins, Starc face off as IPL enters playoffs
- Iran media says President Raisi died in helicopter crash
- Dominican Republic President Abinader re-elected to 2nd term
- New Taiwan president Lai hails 'glorious' democracy
- New Caledonia separatists defy French efforts to unblock roads
- Timberwolves knock out defending champion Nuggets, Pacers oust Knicks
- Trump biopic hits Cannes Film Festival
- Iran President Raisi's helicopter found, 'no sign of life'
- Three talking points ahead of 2024 French Open
- 'Haikyu!!': Comic heroes fuel Japan Olympic volleyball manga mania
- Timberwolves rally to knock defending champion Nuggets out of NBA playoffs
- London court set to rule on Julian Assange extradition
- Business and Bollywood votes in India election
- Pope calls anti-migrant attitudes at US border 'madness'
- Mexico aims to be big economic winner from US-China tensions
- Uncertain future for thousands after deadly Brazil floods
- Schauffele makes the putt of his life for first major win
- Wirtz returns to help unbeaten Leverkusen chase history
- Search for Iran's President Raisi after helicopter goes missing
- DeChambeau's powerful putting has him excited for US Open
- Taiwan to swear in new president as China pressure grows
- Atalanta can end 61-year wait for trophy in Europa League final
- Schauffele birdies final hole to capture PGA for first major win
- Guardiola casts doubt over long-term Man City future
- Hollywood icons Costner and Demi Moore make Cannes comeback
- Pacers shoot down Knicks to reach NBA Eastern Conference finals
- Schauffele birdies final hole, captures first major at PGA Championship
- McLaughlin powers to Indy 500 pole in all-Penske front row
- Monaco footballer tapes over LGBTQ badge
- Korda wins sixth LPGA title of year with win at Liberty National
- Pacers put on shooting show to down Knicks, reach NBA Eastern Conference finals
- US envoy touts 'potential' of Israel-Saudi deal in Netanyahu talks
- Dominicans vote for president in poll overshadowed by Haiti crisis
- Brest secure Champions League qualification, PSG win without Mbappe
- Mbappe absent as PSG win final Ligue 1 game
- Still exhausted after arrest, Scheffler closes with 64 at PGA
- Brest secure historic Champions League qualification
- France's Macron calls fresh emergency on New Caledonia unrest
- Taiwan swears in new president as China pressure grows
- Schauffele leads as dramatic PGA back-nine battle begins
- Biden faces silent Gaza protest at Martin Luther King Jr's college
- Ten Hag says Man Utd 'must do everything' to win FA Cup after Premier League flop
- Cannes film follows Egypt feminists on brink of adulthood
- Pep Guardiola: Man City manager addicted to winning
OpenAI chief looking to raise trillions to reshape semiconductor sector: WSJ
OpenAI chief Sam Altman is seeking to raise trillions of dollars to reshape the global semiconductor industry, and has held talks with potential investors including the UAE government, the Wall Street Journal reported Thursday.
Altman is reportedly looking to resolve some of the biggest challenges faced by the rapidly-expanding artificial intelligence sector -- including a shortage of the expensive computer chips needed to power large-language models like OpenAI's ChatGPT.
The global chip industry is currently dominated by just a few firms, including Taiwan Semiconductor Manufacturing Company (TSMC) and US-based NVIDIA.
While many countries have unveiled plans to support domestic chip production, the financial support they have offered pales in comparison with the vast sums of money Altman has reportedly been discussing with investors.
The Journal estimated that the total cost of realizing Altman's project could be as much as $7 trillion.
This is roughly a trillion dollars more than the market value of the world's two largest public companies -- Apple and Microsoft -- combined.
An OpenAI spokesperson told the Journal the company has held "productive discussions about increasing global infrastructure and supply chains for chips, energy and data centers."
They added that they would "continue to keep the US government informed given the importance to national priorities."
Altman has held meetings with senior government officials from the United Arab Emirates, as well as SoftBank's chief executive Masayoshi Son and representatives from TSMC, according to the Journal.
Both Bloomberg and the Financial Times have also reported on some of Altman's meetings in recent weeks.
Altman has floated the idea of building dozens of chip-fabrication plants in the next few years with money from Middle East investors, and then paying TSMC to build and operate them, the Journal said.
After rising to prominence following the widely-publicized release of ChatGPT, Altman's fortunes have wavered in recent months.
He was briefly fired from his position at the AI firm in November, only to be rehired a few days later after staff and investors rebelled.
C.Kovalenko--BTB