Sam Altman Brushes Off $7 Trillion AI Chip Project Speculation: 'Don't Pay Too Much Attention To That'

OpenAI CEO Sam Altman has brushed off claims that he is seeking a staggering $7 trillion for an artificial intelligence chip project.

What Happened: Altman responded to a report suggesting he was seeking a massive $7 trillion for an AI chip initiative. As reported by CNBC’s “Last Call,” Altman urged the public not to “pay too much attention” to the report.

The report in question had claimed that Altman was in talks with potential investors and partners across the U.S., Middle East, and Asia to fund this ambitious tech venture. The project’s success was said to depend on approval from the U.S. government.

See Also: “Dogecoin Killer” Shiba Inu Burn Rate Spikes 2,730%, 3 Trillion Tokens Moved: ‘Manifesting SHIB 1 Cent So

Why It Matters: Recent reports suggested that Altman was seeking financial backing for a groundbreaking tech initiative aimed at revolutionizing the global semiconductor industry and enhancing AI capabilities. The project’s estimated cost was between $5 trillion and $7 trillion, as per sources familiar with the matter.

The initiative was seen as a response to constraints on OpenAI’s growth, such as the scarcity of expensive AI chips, known as graphics processing units (GPUs), which are essential for OpenAI’s pursuit of artificial general intelligence.

Read Next: NVIDIA Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Photo courtesy: Shutterstock