According to reports Abu Dhabi’s investment firm MGX launched last week, is already in early-stage discussions to invest in ChatGPT OpenAI’s chip venture. MGX has Abu Dhabi’s Mubadala and G42, the region’s artificial intelligence firm as the founding partners.
Currently, the OpenAI push for the chip venture is going strong, reports also suggested Singapore’s Temasek Holdings is in talks to invest in OpenAI. Last year in the United States, AI startups attracted one out of every three dollars invested last year. OpenAI’s ChatGPT grabbed the spotlight.
The CEO of OpenAI, Sam Altman, is seeking $5 trillion to $7 trillion to bring an overhaul in the semiconductor industry, according to multiple independent reports. Altman is currently in talks with global investors.
He has stated that AI chip limitations hinder OpenAI’s growth, and with this investment, he would work to increase chip-building capacity. For some time now, Altman has highlighted the supply-demand issue for AI chips. While several AI giants are looking to get AI Chips, there aren’t enough to cater to this demand. This in turn, limits their growth, including OpenAI.
This isn’t the first time that Altman has been looking for chip endeavours, prior to his brief ouster as CEO, he was seeking billions for a non-yet-formed chip venture code – Tigris. This was said to compete with Nvidia, and he is believed to have then too been travelling to the Middle East to raise money from investors.
