Abu Dhabi-backed firm in talks to invest
in OpenAI chip venture, FT reports
Send a link to a friend
[March 15, 2024]
(Reuters) - Abu Dhabi's state-backed investment firm MGX is in
early stage discussions to invest in ChatGPT-maker OpenAI's chip
venture, the Financial Times reported on Friday, citing two sources.
|
![](../images/031524PIX/busine69.jpg)
OpenAI logo is seen in this illustration taken, March 11, 2024.
REUTERS/Dado Ruvic/Illustration/File Photo |
MGX,
a technology investment company with Abu Dhabi's Mubadala and
artificial intelligence firm G42 as founding partners, was only
launched earlier this week.
MGX and OpenAI did not immediately reply to Reuters' request for
comment.
The report follows an earlier FT story that said Singapore's
Temasek Holdings was in talks to invest in OpenAI.
The UAE’s AI minister Omar Sultan Al Olama told the FT that he
also sees xAI owner Elon Musk doing something AI-related in the
country.
"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.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Varun H K)
[© 2024 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
![](column_spacer.png)
|
|
|