Categories: India

OpenAI's Altman seeks funds for infrastructure expansion on Asia, Middle East tour, WSJ reports

Oct 4 (Reuters) – OpenAI CEO Sam Altman has embarked on a global fundraising initiative spanning East Asia and the Middle East, seeking financing and manufacturing partners to meet the company's demand for its computing capacity, the Wall Street Journal reported on Saturday, citing sources familiar with the meetings. Altman has held discussions since late September in Taiwan, South Korea, and Japan with major suppliers such as Taiwan Semiconductor Manufacturing, Foxconn, Samsung , and SK Hynix to boost AI chip production and secure top-priority orders for OpenAI, the Wall Street Journal said. Reuters could not immediately verify the report. (Reporting by Dheeraj Kumar in Bengaluru; Editing by Alexandra Hudson)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Qatar and UAE to join U.S.-led effort to bolster technology supply chain

By Jarrett Renshaw Jan 11 (Reuters) - Qatar and the United Arab Emirates will soon…

2 hours ago

Bublik beats Musetti to win Hong Kong Open title

VIDEO SHOWS: HONG KONG OPEN FINAL FULL SCRIPT TO FOLLOW SHOWS: HONG KONG, CHINA (JANUARY…

4 hours ago

Musk's X to open source new algorithm in seven days

Jan 10 (Reuters) - Elon Musk said on Saturday that social media platform X will open…

9 hours ago

Exclusive-US may lift more Venezuela sanctions next week, Bessent says

By David Lawder SAVAGE, Minnesota, Jan 10 (Reuters) - U.S. Treasury Secretary Scott Bessent has…

18 hours ago

Simmi Saboo Returns Heart and Soul to Contemporary Indian wear in an Era of Fast Fashion

Mumbai (Maharashtra) [India], January 10: In today’s fashion world, fast trends and mass produced designs…

1 day ago