Sam Altman sought funding for new AI ventures before OpenAI ouster: report

Sam Altman was reportedly trying to raise billions of dollars in investment to launch a new shoe Artificial intelligence (AI) According to a new report, he worked on various businesses before being removed as OpenAI’s CEO.

In recent months, Mr. Altman has announced two plans for new AI companies, including an AI chip company and an AI-powered hardware device company aimed at competing with Nvidia, Bloomberg reported, citing sources familiar with the matter. He is proposing an idea.

According to the report, Altman was in the Middle East to raise funds for an AI chip project codenamed Tigris, but the plan was in the preliminary stages and the business had not launched. We aim to provide a low-cost alternative to Nvidia. market leader Other tech companies, including OpenAI, are also looking to build chips and processors needed to power large-scale language models.

Another of Altman’s businesses may be further along in the planning process, Bloomberg reports. Bloomberg reports that Altman is developing an AI hardware device with former Apple chief design officer Jony Ive and is considering raising tens of billions of dollars from multiple companies. They include SoftBank, Saudi Arabia’s Public Investment Fund, and Mubadala Investment.

OPENAI investors reportedly aim to bring back former CEO Sam Altman

OpenAI co-founder and former CEO Sam Altman was reportedly considering raising money for a new AI venture before being fired. (Stephanie Reynolds/AFP via Getty Images/Getty Images)

Altman was removed from the top job at OpenAI. Developer of ChatGPT The company, which he co-founded in 2015, said Friday that the company’s board found that he did not have “consistent and candid communication” with board members, impacting his ability to oversee company operations. It was a shocking move after it was revealed that he had given.

OpenAI Chief Operating Officer Brad Lightcap wrote in an internal memo seen by The Theater on Saturday: wall street journal Altman’s firing “was not related to any wrongdoing or to our financial, operational, safety, or security/privacy practices. It was a breakdown in communication between Sam and the board.”

CHATGPT creators looking to create their own AI chips OPENAI: Report

ChatGPT OpenAI

OpenAI’s ChatGPT has skyrocketed in popularity since its release last year. (Lionel Bonaventure/AFP via Getty Images/Getty Images)

Investors in OpenAI – tech giant microsoft It reportedly owns 49% of OpenAI’s commercial arm, while other investors own 49% and the company’s nonprofit arm owns 2%. The company is pressuring the nonprofit board to reinstate Altman.

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The company plans to sell shares of existing employees at a valuation of $86 billion, which could be delayed or jeopardized by operational disruptions.

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Sam Altman Sun Valley Conference

Sam Altman visited OpenAI’s headquarters on Sunday to discuss a possible return after being ousted from his position by the nonprofit board on Friday. (Reuters/Brendan McDiarmid/Reuters Photo)

Following Mr. Altman’s resignation, fellow co-founder and OpenAI President Greg Brockman also resigned in solidarity, and said that if Mr. Altman were to move forward with any of the projects he was considering, he would not be interested in joining the company. There were growing concerns that a large number of highly qualified staff would be lost.

The fallout could also impact fundraising efforts if OpenAI ends up having to compete for capital with one or more of the startups backed by Altman. Khosla Ventures, an early investor in OpenAI, “will support him in whatever he does next,” fund founder Vinod Khosla said in a Sunday post on X (formerly Twitter). Ta.


The Information reported on Sunday that Mira Murati, interim CEO of OpenAI, had been invited. Sam Altman Brockman then visited the company’s San Francisco headquarters to discuss a possible return.

Altman told X that he posted a photo of himself wearing the guest badge at OpenAI headquarters with the caption, “First and last time I’ll wear this.”

Reuters contributed to this report.