OpenAI CEO Sam Altman's Ambitious Plan for AI Infrastructure in the US

Report: OpenAI's Building of AI Infrastructure to Begin in US | PYMNTS.com

OpenAI reportedly plans to bring together global investors to spend tens of billions of dollars on artificial intelligence (AI) infrastructure in the United States. The planned projects include data centers, turbines and generators, and semiconductor manufacturing, Bloomberg reported Wednesday (Sept. 4), citing unnamed sources. The scope of the planned investment was reported earlier, but details are coming to light, according to the report. Asked by Bloomberg about the company's plans for infrastructure spending, an OpenAI spokesperson said that the company believes such facilities are critical for advanced AI and making it more widely available. "We are exploring opportunities with this goal in mind and look forward to sharing more details at a later date," the spokesperson said, per the report. OpenAI has been working to form a coalition of global investors, including other private companies, and to get the U.S. government's blessing for this effort, according to the report. Sam Altman, CEO of OpenAI, has said that other companies and other countries allied with the U.S. would benefit from the building of additional AI infrastructure, per the report. At the same time, the U.S. could have national security concerns regarding investors that have ties to China, the report said. It was reported in February that Altman was seeking approval from the U.S. government for an initiative aimed at enhancing the global manufacturing of AI chips. While Altman was already actively engaging with potential investors and partners in the U.S., Middle East and Asia, he emphasized the importance of obtaining approval from Washington before proceeding. Altman aims to collaborate with the U.S. government on matters of approvals, timing and the structure of the venture. In April, it was reported that Altman was meeting with government and industry officials in several countries in an effort to support the building of AI infrastructure that would meet the need for chips, energy and data centers. OpenAI believe that one of the biggest challenges facing the tech industry is the amount of energy it takes to power AI systems. At that time, Altman had spoken with official in several Western countries and in the United Arab Emirates (UAE).

OpenAI's CEO's plan to build AI infrastructure in US to costs tens of billions

OpenAI's CEO Sam Altman's plan to build huge machines and systems needed for AI globally would start with a push in the U.S. and is expected to cost tens of billions of dollars, Bloomberg News reported, citing a person with knowledge of the matter. Altman had spent the early part of the year trying to get the U.S. government's approval for the plan, which intends to form a coalition of global investors to fund the infrastructure needed to support rapid development of AI, as per a February report. Now, Altman and his team are working on several initiatives, including a plan to first target U.S. states, the report added. The projects under discussion include setting up data centers, growing energy capacity and transmission with turbines and generators, plus expanding semiconductor manufacturing, the report noted. The project backers could include investors from Canada, Korea, Japan and the United Arab Emirates. OpenAI also intends for participation by private companies. Microsoft (NASDAQ:MSFT), which has invested billions of dollars in the ChatGPT maker, could be one potential partner, the report added. Altman and other executives have been meeting with investors in recent weeks to advance the project. Recently, OpenAI's Chief Strategy Officer Jason Kwon went to Japan and Korea to speak with investors about the plan. OpenAI's Vice President of Global Policy Chris Lehane has talked to investors in Canada. Meanwhile, Altman has held additional discussions with investors in the UAE following earlier talks, besides U.S. investors, as per the report. The talks come on the heels of OpenAI nearing a new funding round that would value the company at over $100B. The round could see funding from Apple (AAPL), Nvidia (NVDA), Thrive Capital and Microsoft, among others. OpenAI's "believes building additional infrastructure in the US is critical to further advancing artificial intelligence and making its benefits widely accessible," said an OpenAI spokesperson, as per the report. The spokesperson added that the company is exploring opportunities with this goal in mind and intends to share more details at a later date. However, OpenAI's plan could raise U.S. national security concerns, including scrutiny by the Committee on Foreign Investment in the U.S., which has been increasingly paying attention to Middle Eastern sovereign wealth funds and their ties to China. In recent months, OpenAI has held discussions with the U.S. National Security Council about the planned investments, the report noted. This builds on previous discussions with several U.S. officials, including one with the U.S. ambassador to the UAE in April. Altman and other executives at OpenAI have stressed that the global infrastructure plan would boost Washington's geopolitical advantage by setting up a multinational coalition to compete with China's own infrastructure consortium, the report noted.

OpenAI CEO Sam Altman's AI Infrastructure Plan Worth 'Tens Of Billions Of Dollars' To Include Investors From UAE, Canada, Korea, And Japan: Report - Microsoft (NASDAQ:MSFT)

OpenAI CEO Sam Altman reportedly plans to target the U.S. for the expansion of the artificial intelligence infrastructure project, which could cost "tens of billions of dollars." What Happened: Earlier it was reported that Altman had been seeking the U.S. government's support for the project. This project aims to form a global coalition of investors to fund the costly physical infrastructure required for rapid AI development. Now, new details have emerged regarding Altman and his team's planning to target U.S. states first along with several other details. Altman and other OpenAI executives have been meeting with some investors to take this deal forward, reported Bloomberg, citing a person familiar with the matter. See Also: Sam Altman Shared 36 Valuable Life Lessons Months Before Founding OpenAI As per the report, investors from Canada, Korea, Japan, and the United Arab Emirates are expected to back the project. Moreover, ChatGPT-maker's biggest investor, Microsoft Corp. MSFT could also participate. OpenAI's chief strategy officer Jason Kwon visited Japan, while vice president of global policy crisis Chris Lehane spoke with investors in Canada. Altman himself had some discussions with investors in the UAE and the U.S., the report noted, citing sources. OpenAI did not immediately respond to Benzinga's request for comments. Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. Why It Matters: Altman's plans could attract scrutiny by the Committee on Foreign Investment in the United States, the report stated. The AI startup has already held a meeting with the U.S. National Security Council about the planned investments. This development comes on the heels of OpenAI's possible multibillion-dollar funding round that would value the AI startup at more than $100 billion. Tech giants Apple Inc. and Nvidia Corp. are also reportedly interested in picking up a stake in OpenAI, with Microsoft also expected to participate. Check out more of Benzinga's Consumer Tech coverage by following this link. Read Next: While Bill Gates, Elon Musk, And Sam Altman Debate AI's Impact On Jobs, It Might Not Be All That Distressing And Offer A Productivity Boost Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs

Altman Infrastructure Plan Aims to Spend Tens of Billions in US

OpenAI Chief Executive Officer Sam Altman's plans to rally global investors around building infrastructure to support the growth of artificial intelligence are coming into clearer focus, beginning with an effort in US states slated to costs tens of billions of dollars, according to a person familiar with the matter. Altman had spent the early part of the year seeking the US government's blessing for the project, which aims to form a coalition of global investors to fund the costly physical infrastructure needed to support rapid AI development, Bloomberg reported in February. Now, Altman and his team are working on several details that haven't previously been reported, including the plan to first target US states.