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OpenAI in talks with Abu Dhabi investment company to fund new AI processors

OpenAI is hoping to reduce its dependence on NVIDIA's line of AI processing chips.
Donovan Erskine
Donovan Erskine
OpenAI
2

As a leader in AI technology, OpenAI is looking to further cement its spot in the field and forge a path for long term success by manufacturing its own processors. According to a new report, the Chat GPT maker has engaged in talks with an Abu Dhabi investment company to finance its proprietary AI chips.

News of OpenAI’s plan to start producing its own processors comes by way of the Financial Times. According to the publication, OpenAI is in serious talks with MGX, a state-funded investment company in the United Arab Emirates to secure funding for its new AI processors. It’s an endeavor estimated to cost hundreds of billions of dollars over the next several years.

OpenAI CEO Sam Altman

Source: Getty Images

The report states that the deal would suit both parties’ interests, as OpenAI looks to decrease its reliance on NVIDIA’s chips and the United Arab Emirates seeks to establish itself as a major player in the AI business. “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,” said one of the Financial Times’ sources.

Following the runaway success of ChatGPT, OpenAI continues to make moves to solidify itself as an AI juggernaut. The company most recently unveiled AI video generator Sora. Stick with Shacknews for the latest developments in artificial intelligence.

News Editor
News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_

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  • Shacknews legacy 10 years legacy 20 years
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    March 18, 2024 12:10 PM

    Donovan Erskine posted a new article, OpenAI in talks with Abu Dhabi investment company to fund new AI processors

    • lanareyy23
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      September 30, 2024 11:31 AM

      The development of custom processors by OpenAI is definitely a game-changer, especially with tech hubs like Abu Dhabi stepping up in the AI space. It’s pretty fascinating how tech is evolving globally, and it’s making me think about how emerging markets are booming in other sectors too. For example, I’ve been looking into real estate in places like Denmark, which is gaining a lot of attention lately. I came across https://mlsworldwide.com/en/sale-denmark real estate denmark when I was searching for properties there, and it’s a solid resource for finding listings across different markets. It’s cool to see both tech and real estate moving in exciting directions!

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