Raising Trillions for Altman’s Chip Plan May Be the Easy Part

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 12 February 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Feb. 12. OpenAI CEO Sam Altman wants to raise trillions of dollars to reshape the semiconductor industry, which is crucial to developing AI. But even if he is able to raise that amount of funding, there are still plenty of challenges. Reporter Asa Fitch has more. And Israel proposes an evacuation of Rafah ahead of its impending invasion, despite U.S. concerns. Plus, case rates of uterine cancer are rising. Health reporter Brianna Abbott has more. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	36,000. The number of businesses which have upgraded to the number one cloud financial system, Net Suite by Oracle.
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0:22.0	Learn more when you download NetSuites popular key performance indicators checklist.
0:26.0	Absolutely free at NetSuite.com slash Wall Street.
0:30.0	That's Net Suite.com. Wall Street.
0:34.0	Israel proposes an evacuation of Rafa in southern Gaza, despite U.S. concerns.
0:43.0	And why raising trillions of dollars for chip production may be the easy part.
0:48.0	There's the questions about the market for these chips.
0:51.5	Making chips is one thing, but if you oversupply the market, then it can be sort of
0:56.4	negative for the entire industry. Plus Utah's Great Salt Lake has an awful lot of lithium.
1:02.8	We'll talk about one startup's plan to harvest it.
1:05.5	It's Monday, February 12th.
1:07.2	I'm Anne-Marie Fertoli for the Wall Street Journal.
1:09.6	This is the PM edition of What's News,
1:11.6	the top headlines and business stories that moved the world today?
1:19.6	Former President Donald Trump has filed an emergency appeal to the Supreme Court asking it to
1:24.4	pause a recent ruling that denied him blanket immunity for alleged crimes he
1:28.1	committed as president. Today's filing could further delay proceedings on
1:31.4	charges he plotted to overturn the 2020 election results.
1:35.4	Two lower courts have rejected Trump's immunity claim.
1:38.0	Last week a U.S. appeals court gave him a deadline, that's today, to seek Supreme Court intervention.
	...

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