Temasek Holdings, Singapore's state-owned investment firm, is in investment negotiations with OpenAI's CEO Sam Altman. Altman is seeking funding to launch a semiconductor business aimed at reducing dependence on cutting-edge chips manufactured by Nvidia. Since the launch of ChatGPT in November 2022, OpenAI's revenue has significantly increased.

Temasek is in talks to invest in OpenAI, marking the first time a sovereign wealth fund has invested in OpenAI. Altman is seeking funding to promote the development of chips, with the cost of AI infrastructure expected to reach as high as $7 trillion.