Last Updated: March 15, 2024, 15:51 IST
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Sam Altman’s firm is seeking to develop AI chips
Abu Dhabi’s state-backed funding agency MGX is in early stage discussions to put money into ChatGPT-maker OpenAI’s chip enterprise.
(Reuters) – Abu Dhabi’s state-backed funding agency MGX is in early stage discussions to put money into ChatGPT-maker OpenAI’s chip enterprise, the Financial Times reported on Friday, citing two sources.
MGX, a know-how funding firm with Abu Dhabi’s Mubadala and synthetic intelligence agency G42 as founding companions, was solely launched earlier this week.
MGX and OpenAI didn’t instantly reply to Reuters’ request for remark.
The report follows an earlier FT story that mentioned Singapore’s Temasek Holdings was in talks to put money into OpenAI.
The UAE’s AI minister Omar Sultan Al Olama informed the FT that he additionally sees xAI proprietor Elon Musk doing one thing AI-associated within the nation.
“I don’t think it’s far out for him (Musk) to do something here,” Olama told the FT.
AI startups attracted one out of every three dollars invested last year in the United States, and OpenAI’s ChatGPT grabbed the spotlight as startups raced to develop AI technology.
The launch of OpenAI’s ChatGPT in late 2022 brought attention to generative AI technologies, spurring billions in investments on chips and servers required to support the adoption of such applications.
