TechFlow news, according to Bloomberg citing sources familiar with the matter, in the weeks before Sam Altman was ousted, he was actively raising funds from some of the world's largest investors for a new chip company. Altman planned to establish an artificial intelligence chip company codenamed "Tigris," which would produce semiconductors competitive with Nvidia. Altman had previously been raising funds for this project in the Middle East. It was revealed that Altman's chip company has not yet been established, and discussions with investors remain in early stages.
Altman has also been seeking funding for an artificial intelligence hardware device developed in collaboration with Jony Ive, former design chief at Apple. Sources said Altman had held talks with institutions such as SoftBank Group, Saudi Arabia's Public Investment Fund (PIF), and Mubadala Investment Company regarding these projects, aiming to raise tens of billions of dollars for these new ventures.
In addition, several prominent venture capital firms, including some existing investors in OpenAI, are ready to back any new company Altman may launch. Microsoft, OpenAI's largest investor, is also interested in supporting Altman's chip initiative.
