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[return to "Altman was raising billions from Middle East sovereign funds for AI chip startup"]
1. medler+E6[view] [source] 2023-11-18 20:58:36
>>A_Duck+(OP)
This article appears to be their source: https://archive.ph/wQOhC

> Alongside rifts over strategy, board members also contended with Altman’s entrepreneurial ambitions. Altman has been looking to raise tens of billions of dollars from Middle Eastern sovereign wealth funds to create an AI chip startup to compete with processors made by Nvidia Corp., according to a person with knowledge of the investment proposal. Altman was courting SoftBank Group Corp. chairman Masayoshi Son for a multibillion-dollar investment in a new company to make AI-oriented hardware in partnership with former Apple designer Jony Ive. Sutskever and his allies on the OpenAI board chafed at Altman’s efforts to raise funds off of OpenAI’s name, and they harbored concerns that the new businesses might not share the same governance model as OpenAI, the person said.

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2. nytesk+k7[view] [source] 2023-11-18 21:02:08
>>medler+E6
So he was looking to build his own AI chips with a company he owned and supply them to OpenAI? And enlist SoftBank for funding? Isn’t this very similar to Adam Neumans tactics?
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3. medler+oa[view] [source] 2023-11-18 21:20:19
>>nytesk+k7
I don’t think it’s fair to jump to that conclusion, since he apparently never raised the money, founded the company, or developed the chips. The worst we can say is that his attention was divided and his goals may not have been aligned with OpenAI’s. And of course, I say this assuming the anonymous source is correct, which may not be the case.
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4. Terret+ES[view] [source] 2023-11-19 01:34:00
>>medler+oa
Attentions divided seems to be the thing these days.

Have you really made it as a SV CEO if you're not at least a 3-ring Tres Commas Club member?

Popular picks seem to be any 3 of ad scaffolds, money processing, rent/gig vigs, energy, digital ledgers, big statistics, profit|altruism mashups, and, of course, the final frontier.

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