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Sam Altman seeks to raise $7 trillion to reshape semiconductor industry

Sam Altman, the head of OpenAI, is reportedly in discussions with investors, including the U.A.E. government, to secure funding in the trillions of dollars. The aim is to revolutionize the global semiconductor sector and support the advancement of AI. Estimates suggest that up to $7 trillion may be needed for this ambitious endeavor. The initiative seeks to address the shortage of high-cost AI chips crucial for AI's development. However, concerns have been raised about the feasibility of raising such large sums and the potential challenges of competing with established industry players.

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