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Altman was raising billions from Middle East sovereign funds for AI chip startup

submitted by A_Duck+(OP) on 2023-11-18 20:19:23 | 132 points 76 comments
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5. 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.

44. neonat+wd[view] [source] 2023-11-18 21:37:53
>>A_Duck+(OP)
https://finance.yahoo.com/news/openai-ceo-ouster-followed-de...
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51. WhereI+vg[view] [source] [discussion] 2023-11-18 21:55:46
>>mikrl+u9
> I was not aware that the Arab states were such a Mecca (pun very much intended) for AI

Why wouldn't they? The Arab world loves science

https://en.wikipedia.org/wiki/Science_in_the_medieval_Islami...

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68. WhereI+zz[view] [source] [discussion] 2023-11-18 23:37:43
>>mikrl+Xl
So they shouldn't be interested anymore because the last time they were was a long time ago?

Would you say something similar about Italy if they were to be interested about AI (no tech, no space, no chip industries), but couldn't because the last time they were interested in mathematics was during the Renaissance period?

I'm the heretic one

https://en.wikipedia.org/wiki/American_exceptionalism

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69. threes+fC[view] [source] [discussion] 2023-11-18 23:52:39
>>TeaBra+xp
He wasn't technically a founder but was there since day one:

https://en.wikipedia.org/wiki/OpenAI

https://openai.com/blog/introducing-openai

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74. jimmyS+dY[view] [source] [discussion] 2023-11-19 02:10:06
>>jstumm+ze
Anyone with a passing interest in designing an AI Chip should listen to the last Latent Space pod with Dylan Patel of SemiAnalysis.

You either assume transformers are here to stay and somehow get an edge over Nvidia and others trying to do the same or you make a huge variety of bets on whats next.

https://www.latent.space/p/semianalysis#details

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