Is This Why The OpenAI Board Fired CEO/Co-Founder Altman? …Altman sought billions for an AI-Chip venture to rival NVDA…

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As (completely unfounded) rumors swirl over the OpenAI board’s sudden shock firing of CEO and co-founder Sam Altman, Bloomberg reports, citing people familiar with the matter, that in recent weeks, Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture to reportedly rival NVDA’s.

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The project – code-named Tigris – saw Altman traveling extensively to the Middle East, seeking tens of billions of dollars from Saudi Arabia’s Public Investment Fund, Mubadala Investment Company, SoftBank Group, and others for an AI-focused hardware device that he’s been developing in tandem with former Apple design chief Jony Ive.


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