Younger Brother: "Sam, give me a chance to shine too."
Raising $1.5 billion dollars would have been a significant achievement in Jack Ultraman's life.
However, his older brother Sam Ultraman's proposal for $7 trillion dollars to reshape the global semiconductor landscape overshadowed everything.
Seeing all the limelight being stolen, Jack publicly pleaded:
"Sam, can you give me a week to make an appearance? You need to calm down."
This familiar figure, CEO of OpenAI, also half-jokingly replied, "Mind your own business, then we'll mess things up together."
Elon Musk can't even laugh anymore.
Facing various good-natured jokes from netizens, Jack Ultraman also self-deprecatingly remarked that the next headline might be "Ultraman Brothers collectively raise $1.00015 trillion." It's a bit like saying, "I and Kobe combined for 83 points."
Sam Altman Seeks $7 Trillion
Sam Altman is reportedly seeking $7 trillion in funding, initially reported by The Wall Street Journal citing anonymous sources.
The report suggests that Altman is in talks with various investors, including those from the UAE, aiming to kickstart a project that would expand global chip production capacity.
He believes that the current supply of AI chips falls short of meeting the demands of tech giants like OpenAI, Google, and Meta.
Additionally, he aims to challenge Nvidia's monopoly position, fostering more competition and innovation in the AI chip market.
In recent weeks, Ultraman has met with investors from the UAE, as well as SoftBank's Masayoshi Son and representatives from TSMC.
Sources reveal that Ultraman is advocating for collaboration between OpenAI, various investors, chip manufacturers, and power suppliers. They would jointly invest in establishing a chip foundry, with OpenAI being a significant customer for the new facility.
Discussions about this project are still in the early stages, and the full list of potential investors remains unknown. Moreover, this endeavor might span several years and may ultimately not succeed.
According to Gartner's prediction, the total revenue of the global semiconductor industry in 2023 was only $533 billion, while $7 trillion is 14 times this figure.
Internet users have calculated that this amount of funds would be enough to acquire many leading semiconductor companies such as NVIDIA, TSMC, Intel, Samsung, Qualcomm, Broadcom, AMD, ASML, and many more, and then casually buy Meta, with some leftover.
Ultraman himself hasn't officially acknowledged this news, but neither has he denied it.
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 grand plan; he's also diving into energy and data centers.
For a long time, Ultraman has been actively supporting energy startups with concrete actions.
Last year, he was involved in the nuclear fission company Oklo's announcement of its IPO plans. Meanwhile, another nuclear fusion company, Helion Energy, is working towards commercialization, with plans to start operations by 2028.
Regardless, some people think that $70 trillion is just too much and doesn't make sense.
But there are also those who feel that this figure is so outrageous that it seems more like a joke, and less like it's fake.
What's your take on this?
As for the 0.00015 trillion dollars from my brother,
Whether true or not, Sam Ultraman's supposed $70 trillion is still just a plan.
But Jack Ultraman's $150 million is indeed already in the bank.
Many people first became aware of Jack Ultraman when he served as the master of ceremonies at Sam Ultraman and his boyfriend's wedding.
Actually, Jack himself is a successful entrepreneur. He founded the employee management platform Lattice in 2015.
In early February this year, Alt Capital, under Jack Otteman's helm, announced raising $150 million in funding.
Alt Capital focuses primarily on the enterprise software sector, including AI startups.
Just now, he also revealed more specific plans, with investment targets including:
Founders with extensive experience in B2B software who believe that even though businesses can exist without AI, having AI can make them 10 times better/cheaper/faster. They are founding complex startups dedicated to tackling cutting-edge technical or complexity challenges.
It immediately attracted many founders to volunteer themselves.
At the end of 2023, he stepped down from the CEO position at Lattice to assume the role of Chairman, focusing more on venture capital endeavors.
Additionally, there's word that Max Ultraman, the last of the Ultraman brothers, is also independently raising his own venture fund.
Reference links: 1, 2, 3
