TechFlow news, October 4 — According to The Wall Street Journal, OpenAI CEO Sam Altman has launched a global fundraising and supply chain initiative, seeking funding and manufacturing partners to help meet the startup's insatiable demand for computing power. Sources familiar with the matter said that to ensure long-term, low-cost supply for OpenAI’s massive infrastructure plans, which could cost trillions of dollars, Altman is exploring alternative financing options with supply chain partners. Since late September, the creator of ChatGPT has traveled across Asia to accelerate global AI chip manufacturing capacity. He has visited companies including TSMC, Foxconn, Samsung, and SK Hynix. Altman urged these firms to expand production capacity and prioritize OpenAI’s orders. Many of these companies are suppliers to Nvidia (NVDA.O). Altman also plans to visit investors in the United Arab Emirates to raise funds for OpenAI’s infrastructure expansion and research.
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