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CEO Sam Altman has made the acquisition of more AI chips a top priority for the company

OpenAI is seeking to solve a shortage of expensive AI chips, but it has not yet decided to move ahead with original chip design, sources told Reuters.

CEO Sam Altman has made the acquisition of more AI chips a top priority for the company. 

The AI development boom has resulted in chip shortages and skyrocketing prices creating an opportunity for a new player.

Meanwhile, OpenAI is reportedly raising funds at a valuation of $80-$90 billion via the sale of existing shares. According to The Wall Street Journal, the ChatGPT developer is “talking to investors about a share sale” that would value the company between $80 billion to $90 billion, “roughly triple its level earlier this year”. �� OpenAI Likely To Develop Its Own AI Chips by Collaborating With Chip Makers Like Nvidia, Plans To Acquire Another Company for It.

Demand for specialised AI chips has soared since ChatGPTs launch, with Nvidia dominating the market

(CTN News) - It has been reported that OpenAI, the company that makes ChatGPT, is considering developing its own artificial intelligence...........

Discussions of AI chip strategies within the company have been ongoing since at least last year, according to Reuters, as the shortage of chips to train AI models worsens. GPUs’ ability to perform many computations in parallel make them well-suited to training today’s most capable AI. Microsoft is facing a shortage of the server hardware needed to run AI so severe that it might lead to service disruptions, the company warned in a summer earnings report.

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OpenAI is reportedly considering developing its own chips to train -- and possibly run -- future AI models.