OpenAI CEO Sam Altman is on a mission across Asia and the Middle East to secure funding and partnerships to meet the soaring demand for computing power in the AI sector. Since late September, he has engaged with industry leaders, including executives from Taiwan Semiconductor Manufacturing, Foxconn, Samsung, and SK Hynix, requesting increased chip output and priority on future orders. OpenAI plans to invest approximately $16 billion in computing servers this year, aiming for $400 billion by 2029. New agreements with Samsung and SK Hynix for supplying memory chips and a collaboration with Hitachi for data infrastructure exemplify OpenAI’s strategy. Altman is also pursuing funds from Abu Dhabi’s investment groups for the Stargate data center. Following a successful deal with Nvidia, which could be valued at $100 billion, OpenAI’s valuation has soared to about $500 billion, positioning it as a leader in the global tech landscape.
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