Sam Altman seeks Abu Dhabi investors for AI semiconductor venture, aiming to reduce reliance on NVIDIA.

From Network18.:

Sam Altman is seeking investors for his AI semiconductor venture to reduce reliance on NVIDIA. Abu Dhabi’s MGX is in talks to back OpenAI’s chip venture, aiming to assert UAE’s influence in global AI landscape. Altman estimates AI infrastructure costs could skyrocket to trillions, necessitating engagement with nation-states for funding. UAE’s AI minister reveals Elon Musk’s interest in collaboration, highlighting UAE’s focus on economic partnerships for AI advancement. Abu Dhabi, through MGX and G42, aims to position itself as an AI leader, attracting tech talent and investment. UAE’s proactive AI development has drawn industry leaders like Altman and Nvidia’s Huang, despite challenges like US-China trade tensions. UAE prioritizes responsible AI applications, seeking collaboration with global partners for innovation aligned with economic goals and governance principles.



Read more at Network18.: OpenAI’s Sam Altman may sign Abu Dhabi’s richest to invest in his semicon business – Firstpost