Behind OpenAI’s Audacious Plan to Make A.I. Flow Like Electricity

Published On Sep 25, 2024, 11:48 AM

Sam Altman, CEO of OpenAI, is proposing a multitrillion-dollar initiative to create new computer chip factories and data centers globally, particularly in the Middle East. His plan aims to drastically reduce manufacturing costs for chips, primarily for companies like Taiwan Semiconductor Manufacturing Company, which is the world's largest chip producer. Although his proposal has drawn skepticism and regulatory scrutiny, talks are ongoing with various stakeholders, including chipmakers in Asia and U.S. officials, highlighting the tech industry’s ambition to advance artificial intelligence technology significantly.

Read full article

Stock Forecasts

TSMView TSM chart on TradingView

Positive

The initiative to expand chip manufacturing capacity can drive growth in semiconductor-related stocks as demand for AI infrastructure rises. Additionally, successful collaboration with major manufacturers may enhance the market potential for companies like TSMC.

Related News

Stock market today: S&P 500, Dow head for fresh records

Oct 9, 2024, 1:03 PM

Investors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.

GOOG
XLF
WW
TSM
BA

Behind OpenAI’s Audacious Plan to Make A.I. Flow Like Electricity

Sep 25, 2024, 11:48 AM

Sam Altman, OpenAI’s chief executive, is talking to the United Arab Emirates, Asian chipmakers and U.S. officials to expand the computing power needed to build artificial intelligence.

TSM

Biden had 'no justification' for the Afghanistan withdrawal: Rep. Michael McCaul

Rep. Michael McCaul, R-Texas, details findings from a new report on the Afghanistan withdrawal and latest tensions between China and Taiwan.

LMT
TSM