OpenAI’s CEO Receives Hope From The Middle East For His “Huge” Chip Ambitions, Funding Deal In Progress
OpenAI’s CEO Receives Hope From The Middle East For His “Huge” Chip Ambitions, Funding Deal In Progress
OpenAI's CEO Sam Altman might finally see hope for his vast "financial ambition" as an Abu Dhabi investment company initiates funding deal discussions with OpenAI.
Financial Times reports that country-funded MGX has started to devise a plan to collaborate with OpenAI to achieve its future ambitions as UAE seeks its take on the AI markets. The country is planning to develop a robust AI infrastructure moving into the future and is planning to invest its financial and technical resources by seeking out various investment opportunities, and this time, they plan on filling the "semiconductor hunger" of Sam Altman.
They’re looking at creating a structure that will put Abu Dhabi at the centre of this AI strategy with global partners around the world.
- Financial Times
For those unaware of Sam Altman's ambitions, the OpenAI CEO desires to build a "network" of chip fabrication plants, intending to break the established monopoly by NVIDIA in the industry. Apart from paying visits to various potential investors in the Middle East, Sam Altman is trying to convince TSMC and Samsung Foundry to join his ambitious bandwagon. Moreover, he hopes to raise $7 trillion, categorizing the figure as the way to lead into the future, but we won't debate it right now since the number itself justifies how "weird" the idea is.
Sam Altman has vast hopes from the Middle East, as the region has seen substantial technological developments recently, mainly in large-scale investments into companies such as NVIDIA, which are involved in the AI race. The UAE, in particular, is highly optimistic about AI developments, claiming they have seen interest from Elon Musk in a partnership with the state. Since the Gulf region has plentiful economic resources, going into a "collaborative" environment is best since it would ultimately lead to collective advancement.
Well, the future of AI markets is indeed full of optimism and hope, and with individual nations such as India and UAE stepping into the race, the technology has indeed expanded globally, ultimately fueling another race for a robust AI infrastructure.
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