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OpenAI CEO Sam Altman plans to use the billion s of dollars he is trying to raise for a chip venture for setting up a network of factories that will manufacture semiconductors, Bloomberg News reported,on Friday, citing people with knowledge of the plans. Altman has had talks with several large potential investors in the hopes of raising the vast sums needed for chip fabrication plants, colloquially known as fabs, the report said. The project would involve working with top chip manufacturers and the network of fabs would be global in scope, according to the report. Manufacturing chips is expensive. They also require copious amounts of natural resources, in addition to the billions of dollars in funding. Costs have been rising over the years as technology advances to make chips used in artificial intelligence applications. Abu Dhabi-based G42 and Japan's SoftBank Group are among the firms that have held discussions with the OpenAI boss, but the talks are still early...

Meta's CEO Mark Zuckerberg sees Threads as Meta's next one billion user network , giving strong com Pet ition to Twitter. While addressing Meta's second-quarter earnings call with investors on Wednesday, Zuckerberg expressed his expectations for Threads. He said, "It’s a weird anomaly in the tech industry that there hasn’t been an app like this for text-based convos that has reached one billion people.” Read  Meta's Reels revenue narrows in on TikTok, boosted by AI Although Threads reached the fastest 100 million signups, the engagement rate has dropped since its launch. However, Zuckerberg says that “tens of millions” of people are still using the app daily. He added, “I’m highly confident we’re going to be able to pour enough gasoline on this to help it grow.” Threads has not yet been promoted on other Meta platforms. Once the app has a strong hold on its basics, its marketing wi...