{"id":182449,"date":"2024-02-10T18:11:12","date_gmt":"2024-02-11T00:11:12","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/02\/sam-altman-aims-to-raise-a-staggering-7-trillion-to-challenge-nvidias-monopoly"},"modified":"2024-02-10T18:11:12","modified_gmt":"2024-02-11T00:11:12","slug":"sam-altman-aims-to-raise-a-staggering-7-trillion-to-challenge-nvidias-monopoly","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/02\/sam-altman-aims-to-raise-a-staggering-7-trillion-to-challenge-nvidias-monopoly","title":{"rendered":"Sam Altman aims to raise a staggering $7 trillion to challenge Nvidia\u2019s monopoly"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/sam-altman-aims-to-raise-a-staggering-7-trillion-to-challenge-nvidias-monopoly2.jpg\"><\/a><\/p>\n<p>Altman estimates that he would need between $5 trillion and $7 trillion to overhaul the semiconductor industry, which is currently dominated by Nvidia, the leading provider of graphics processing units (GPUs) for AI applications. Nvidia\u2019s market cap has soared to $1.72 trillion in 2023, surpassing many tech giants such as Amazon and Alphabet. Altman wants to challenge Nvidia\u2019s monopoly and create more competition and innovation in the AI chip market.<\/p>\n<p><b>White House\u2019s $11 billion bet on US semiconductor<\/b><\/p>\n<p>Meanwhile, The White House announced the US government\u2019s plan to spend $11 billion on semiconductor-related research and development on Friday. This move comes in the wake of Congress approving the Chips and Science Act in August 2022, which provides $52.7 billion for semiconductor production and R&amp;D. Of this, $39 billion is allocated for subsidies and $11 billion for R&amp;D.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altman estimates that he would need between $5 trillion and $7 trillion to overhaul the semiconductor industry, which is currently dominated by Nvidia, the leading provider of graphics processing units (GPUs) for AI applications. Nvidia\u2019s market cap has soared to $1.72 trillion in 2023, surpassing many tech giants such as Amazon and Alphabet. Altman wants [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1490,6],"tags":[],"class_list":["post-182449","post","type-post","status-publish","format-standard","hentry","category-government","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/182449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=182449"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/182449\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=182449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=182449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=182449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}