From NetMedia.AI:

OpenAI is in talks with an Abu Dhabi group, MGX, for support in building its own AI chips. The company aims to reduce reliance on leading chip maker Nvidia by manufacturing chips internally. OpenAI recently secured funding, valuing the company at over $80 billion.

The UK’s participation in the EU’s ‘Chips Joint Undertaking’ provides access to a €1.3 billion research fund for semiconductor technologies. The UK government has allocated initial funding, with more to follow until 2027. This move aims to strengthen the UK’s position in the global chip supply chain.

The UAE is positioning itself in the AI and semiconductor race, with MGX fund looking to invest in OpenAI. The fund, headed by Sheikh Tahnoon Bin Zayed al-Nahyan, aims to establish Abu Dhabi as a key player in AI technologies globally. OpenAI plans to bring AI solutions to the Middle East.

As the competition for cutting-edge semiconductor technologies intensifies, both the UAE and UK-EU are taking strategic steps to become significant players. The developments highlight the global importance of AI and semiconductor industries in shaping the future of technology.



Read more at NetMedia.AI: UAE set to help fund OpenAI’s in-house chips