OpenAI CEO Sam Altman in Talks to Launch New Chip Company

The venture, expected to cost billions, aims to reduce reliance on Nvidia and aligns with U.S. efforts to boost domestic chip production.

OpenAI CEO Sam Altman is in talks with members of Congress, TSMC, and Middle Eastern investors about launching a new chip company to meet the growing demand for AI programs.
Altman's proposed venture aims to reduce OpenAI's reliance on Nvidia's chips, which are currently considered the gold standard for AI infrastructure.
The venture involves significant figures, such as Sheikh Tahnoon bin Zayed al-Nahyan of the UAE, and is expected to cost hundreds of millions or even billions.
The U.S. government is encouraging domestic chip production through the $280 billion CHIPS and Science Act, which has set aside more than $52 billion to incentivize companies to build their manufacturing plants in the U.S.
Altman's initiative could potentially align with the U.S. government's efforts to increase domestic chip production and maintain economic and military competitiveness.