Jack Ultraman had just achieved a major milestone in his life by successfully raising $150 million in funds.
But he couldn't compete when his elder brother, Sam Ultraman, stepped in seeking a staggering $7 trillion to reshape the global semiconductor landscape.
Seeing all the attention being snatched away, Jack publicly appealed:
"Sam, could you give me a week in the spotlight? You need to chill."
The familiar face of OpenAI's CEO, also half-jokingly replied, "Mind your own business, and then we'll come together to make things happen."
The conversation that was supposed to be in the Ultraman family group chat took place in the public domain, attracting a lot of experts and netizens to watch.
Even Musk can't stop laughing.
In the face of various well-intentioned jokes from netizens, Jack Ultraman also self-deprecatingly remarked that the next headline might be "Ultraman Brothers Raise a Total of $1.00015 Trillion".
It's kinda like saying "I and Kobe combined for 83 points".
Sam Altman is seeking $7 trillion in funding, as reported by anonymous sources cited by The Wall Street Journal.
According to the report, Altman is in talks with various investors, including those from the UAE, with the aim of initiating a project to expand global chip production capacity.
He believes that the current supply of AI chips is insufficient to meet the demands of giants such as OpenAI, Google, and Meta.
Furthermore, he hopes to challenge Nvidia's monopoly position in the AI chip market, fostering more competition and innovation.
In recent weeks, Ultraman has met with investors from the UAE, as well as with Masayoshi Son from SoftBank and representatives from TSMC.
Insiders revealed that Ultraman is proposing collaborations between OpenAI, various investors, chip manufacturers, and power suppliers. They would collectively invest in establishing a chip foundry, with OpenAI slated to be a key customer for the new facility.
Discussions regarding this project are still in the early stages, and the complete list of potential investors remains unknown. Furthermore, this endeavor could span over several years and may not ultimately come to fruition.
According to Gartner's predictions, the total revenue of the global semiconductor industry in 2023 was a mere $533 billion, while $7 trillion is a staggering 14 times that figure.
Some netizens have calculated that this sum of money would be sufficient to acquire a multitude of leading semiconductor companies such as NVIDIA, TSMC, Intel, Samsung, Qualcomm, Broadcom, AMD, ASML, and many others, with plenty to spare for grabbing Meta along the way.
Ultraman himself hasn't officially acknowledged this news, but he hasn't denied it either.
Just a few days before the news broke, he hinted at it on his personal account, suggesting that the world needs more AI infrastructure.
Chips are just a part of his extensive plan; he's also getting involved in energy and data centers.
Over the years, Ultraman has been actively supporting energy startups through concrete actions.
Last year, he got involved with the nuclear fission company Oklo, which announced its plans to go public. Meanwhile, another nuclear fusion company, Helion Energy, is pushing for commercialization, with plans for deployment expected by 2028.
Anyway, some people feel that $70 trillion is just too much and doesn't make sense logically.
But others think that this figure, outrageous as it may seem, doesn't even sound like a joke—it seems too real.
What's your take on this?
As for Ultraman's supposed $70 trillion, whether it's true or not, it's still just a plan.
But Jack Ultraman's $150 million is the real deal—it's already in the bank.
Many people first heard of Jack Ultraman when he served as the host at Sam Ultraman's wedding with his boyfriend.
Jack himself is also a successful entrepreneur, having founded the employee management platform Lattice in 2015.
In early February this year, Alt Capital, under Jack Altman's leadership, announced the raising of $150 million in funds for their venture capital fund.
Alt Capital focuses primarily on the enterprise software sector, including startups in artificial intelligence.
Just recently, he also unveiled more specific plans, including investment targets such as:
Founders with extensive B2B software experience who believe that even though a business can exist without AI, having AI can make it 10 times better/cheaper/faster. They are launching composite startups dedicated to solving cutting-edge challenges in technology or complexity.
It immediately attracted numerous founders who volunteered themselves.
At the end of 2023, he stepped down from the CEO position at Lattice and transitioned to the role of Chairman, focusing more on venture capital endeavors.
Additionally, there are reports indicating that Max Ultraman, the last of the Ultraman brothers, is also independently raising his own venture fund.
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