Altman not seeking to raise $7T for AI server chips, The Information says

After a Wall Street Journal report last week implied that OpenAI CEO Sam Altman was seeking to raise up to $7T worth of capital to develop new server chips for artificial intelligence, sources tell The Information’s Stephanie Palazzolo that Altman privately has told people that $7T figure represents the sum total of investments that participants in a joint venture would likely need to make over some period of years, including everything from real estate and power for data centers to the making of chips. Publicly traded semiconductor makers and equipment suppliers include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM), Texas Instruments (TXN), ASML (ASML), Applied Materials (AMAT), KLA Corp. (KLAC) and Lam Research (LRCX).