Sam Altman, the CEO of Microsoft (MSFT)-backed OpenAI, has been on a global tour since September, including UAE and East Asia, seeking funding and urging companies like TSMC (TSM) and Foxconn (HNHPF) to prioritize OpenAI orders, The Wall Street Journal’s Raffaele Huang and Berber Jin report. Altman has been exploring financing alternatives with supply-chain partners in a move to secure long-term, low-cost supplies for OpenAI’s multitrillion-dollar infrastructure plan, according to people familiar with the meetings.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- OpenAI to Share Revenue as Sora Adds Copyright Controls for Creators
- Vertiv Stock (VRT): Wall Street Stays Bullish on this AI Play Despite Competitive Concerns
- Palantir (PLTR) Refutes Claims of Security Flaws with Army Communication System
- Microsoft’s Bold Moves: Gaming and Green Energy
- Microsoft (MSFT) Is Working on an Ad-Supported Version of Xbox Cloud Gaming