OpenAI discusses the establishment of a new chip joint venture with Middle Eastern investors and chip manufacturers

According to ChainCatcher news, citing sources from the Financial Times, OpenAI CEO Sam Altman is in discussions with Middle Eastern investors and chip manufacturers, including TSMC, to establish a new chip joint venture aimed at meeting the company's growing demand for semiconductors while reducing reliance on Nvidia.

Sources revealed that Sam Altman is also negotiating with investors in the UAE, including Sheikh Tahnoon bin Zayed al-Nahyan, chairman of International Holding Company (IHC) and brother of the current President of the UAE. It is still unclear whether Sam Altman's chip venture will be managed as a subsidiary of OpenAI or as an independent entity. According to two informed sources, OpenAI will be the primary customer of the new company.