Intel and OpenAI Talk AI Chips to Meet Rising Demand, While U.S. Moves to Expand Domestic Semiconductor Capacity
• CEOs of Intel and OpenAI met to discuss plans to produce more AI chips to meet rising demand • OpenAI CEO won't disclose fundraising target but admits more investment needed for AI compute capacity • Nvidia reported nearly quadrupling revenue amid booming demand for AI chips • Intel CEO outlined plans to catch up to Nvidia in AI chip market • U.S. Commerce Dept to distribute $52B to bolster domestic semiconductor manufacturing capacity