New Delhi, October 30: OpenAI is reportedly working towards developing its first in-house AI chip by 2026 to reduce its dependency on external suppliers for AI hardware. The company is said to be collaborating with two of the biggest names in the semiconductor industry, Broadcom and TSMC for the project.

According to reports, OpenAI depends on computing power to train and run its artificial intelligence models. The ChatGPT maker is one of the customers of Nvidia's graphics processing units (GPUs). The company uses Nvidia chips for training its AI models and for making predictions and decisions based on new data. OpenAI Rolls Out Ability To Search Through ChatGPT Web Chat History To Quickly Access Reference, Continue From Where Users Left Off.

As per a report of Digit, OpenAI is planning to create its first artificial intelligence chip by 2026. At first, the company thought about setting up its own manufacturing facility, called "foundries," to make these chips. Reports suggest that after considering the expenses and the amount of time it would take to establish such a manufacturing plant, it seems that OpenAI decided to drop the idea. They later chose to design the chips themselves instead of setting up the manufacturing facility.

For the project, OpenAI is reportedly collaborating with Broadcom and TSMC. The Sam Altman-Run OpenAI is also incorporating chips from Nvidia and AMD to support their infrastructure requirements. According to multiple reports, OpenAI has been collaborating with Broadcom for several months to develop its first AI chip for inference tasks. ‘AI Will Be Able To Do Anything That Humans Can Do Within Next 2 or 3 Years’: Elon Musk Hints at Possibility of Rapid Growth of Artificial Intelligence in Near Future.

According to reports, Broadcom's shares experienced an increase following the news, ending Tuesday's trading session with a rise of over 4.5 per cent. AMD's stock also continued to climb after its earlier gains in the morning, finishing up the day with an increase of 3.7 per cent. The company's plan shows how it is working with other businesses and using its strategy to ensure they have enough chips and to keep expenses under control.

(The above story first appeared on LatestLY on Oct 30, 2024 12:19 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).