- OpenAI is in talks with the MGX fund from the UAE.
- The firm intends to attract investment for the production of semiconductors.
- Earlier, OpenAI CEO Sam Altman said he was looking for investors for the $7 trillion project.
OpenAI’s plans to produce semiconductors have attracted investors from the UAE. The Financial Times has revealed some details of the talks.
It is reported that the state-funded investment company MGX met with representatives of OpenAI. The parties discussed possible financing of the project related to the release of equipment and the creation of artificial intelligence infrastructure.
According to media reports, the AI-focused MGX was launched in March 2024. The fund is managed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser. He also heads the G42 group of companies specializing in artificial intelligence.
“The state is looking at creating an entity that will put Abu Dhabi at the center of artificial intelligence strategy with global partners around the world,” said a person familiar with the details of the organization’s creation.
The partnership is expected to further boost the UAE’s prominence as an ecosystem for top tech talent, investors and entrepreneurs, the MGX executive said. According to him, the country seeks to position itself as a global leader in AI.
Recall, in March 2024, Sam Altman returned to the board of directors of OpenAI. Earlier he said that he was looking for investors for a $7 trillion project related to the production of semiconductors.
