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

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Fri, 2024-03-15 17:39

LONDON: Abu Dhabi’s state-backed investment firm MGX is in early stage discussions to invest in ChatGPT-maker OpenAI’s chip venture, the Financial Times reported on Friday, citing two sources.

MGX, a technology investment company with Abu Dhabi’s Mubadala and artificial intelligence firm G42 as founding partners, was only launched earlier this week.

MGX and OpenAI did not immediately reply to a request for comment.

The report follows an earlier FT story that said Singapore’s Temasek Holdings was in talks to invest 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-related in the country. (AFP/File)
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