OpenAI and Foxconn partner to design & manufacture AI data center equipment in the U.S. Foxconn to make cabling, networking, and power systems for AI data centers, with OpenAI having “early access” to evaluate and potentially purchase them. Initial agreement excludes financial obligations or purchase commitments.

The tie-up aims to fortify American AI infrastructure and diversify Foxconn’s business. Foxconn, known for assembling Apple products, showcases a sleek Model A EV at a recent event. OpenAI commits $1.4 trillion to AI infrastructure, partnering with Nvidia, AMD, and Broadcom to expand computing power.

OpenAI’s spending plans raise investor concerns, but CEO Altman expects revenue to reach $20 billion this year and grow to “hundreds of billions by 2030.” Foxconn’s Taiwan-listed share price rises 25% this year, with cloud and networking business contributing significantly to net profit. Expectations are high for AI industry growth next year.

Read more at Yahoo Finance: OpenAI and Taiwan’s Foxconn to partner in AI hardware design and manufacturing in the US