Sam Altman, CEO of OpenAI, is rolling out a $10 million investment aimed at boosting AI infrastructure throughout the U.S. The project’s goal is to build a foundation for attracting international investors while initially concentrating efforts in specific states. This is part of a larger plan to drive forward the development of advanced AI systems.
Altman has approached the U.S. government to garner support for this ambitious venture. Bloomberg reports that he, along with other OpenAI executives, is actively engaging with potential investors, with considerable interest shown from entities in Canada, Korea, Japan, and the United Arab Emirates.
Microsoft, holding a significant stake in OpenAI, is expected to play a pivotal role in this project.
The effort includes global outreach, where OpenAI’s Chief Strategy Officer Jason Kwon has visited Japan, and Chris Lehane, VP of Global Policy, has discussed potential collaborations with Canadian investors. Altman himself has conducted meetings with stakeholders in the UAE and throughout the U.S.
These discussions are occurring alongside expectations of a multimillion-dollar funding round that could push OpenAI’s valuation to over $100 billion. Major companies like Apple and Nvidia are considering investments, with Microsoft likely to increase its involvement.
Since 2019, Microsoft’s commitment to OpenAI has seen an infusion of $13 billion, while Apple has embraced ChatGPT for its Apple Intelligence platforms, enhancing their tech synergy. OpenAI is refining its corporate structure to better attract investment.
The initiative has raised interest of the Committee on Foreign Investment in the United States (CFIUS) that is monitoring its progress. additionally, the U. S. National Security Council has been sought to make sure that the investment is secure and the general interest of the country is observed.
This strategic move by Altman aims to create a robust AI infrastructure, setting the stage for significant technological developments.
Also Read: OpenAI’s ChatGPT Reaches 200 Million Weekly Users
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