Abu Dhabi-backed firm in talks to invest in OpenAI chip venture, FT reports

Abu Dhabi’s enlighten-backed funding company MGX is in early stage discussions to make investments in ChatGPT-maker OpenAI’s chip mission, the Financial Times reported on Friday, citing two sources.

MGX, a technology funding firm with Abu Dhabi’s Mubadala and synthetic intelligence company G42 as founding companions, used to be handiest launched earlier this week.

MGX and OpenAI did in a roundabout contrivance answer to Reuters’ query for comment.

The document follows an earlier FT yarn that acknowledged Singapore’s Temasek Holdings used to be in talks to make investments in OpenAI.

The UAE’s AI minister Omar Sultan Al Olama told the FT that he also sees xAI owner Elon Musk doing something AI-connected within the nation.

“I don’t middle of attention on it is miles out for him (Musk) to attain something here,” Olama told the FT.

AI startups attracted one out of every three greenbacks invested closing year within the US, and OpenAI’s ChatGPT grabbed the highlight as startups raced to originate AI technology.

The originate of OpenAI’s ChatGPT in gradual 2022 brought consideration to generative AI applied sciences, spurring billions in investments on chips and servers required to supply a elevate to the adoption of such applications.