Tech

Altman Sought Billions For Chip Venture Before OpenAI Ouster

Now ousted boss had been traveling to the Middle East to fundraise for the project, which was code-named Tigris

Sam Altman was actively working to raise billions before he was ousted

In the weeks leading up to his shocking ouster from OpenAI, Sam Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture, according to people familiar with the matter.

Altman had been traveling to the Middle East to fundraise for the project, which was code-named Tigris, the people said. The OpenAI chief executive officer planned to spin up an AI-focused chip company that could produce semiconductors ...