Talks with OpenAI are the latest effort by the United Arab Emirates to become a global powerbroker in the development of artificial intelligence.
State-funded MGX is in early-stage discussions over a funding deal with OpenAI. The US start-up’s chief executive Sam Altman is seeking to launch a semiconductor business to reduce its dependence on cutting-edge chips made by Nvidia.
MGX, an AI-focused fund that launched this week, is chaired by the UAE’s powerful national security adviser Sheikh Tahnoon bin Zayed al-Nahyan. The nation is betting its wealth, abundant energy resources and the political backing of the autocratic state’s leadership give it a head start in the race to become a global AI hub.
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I’m really interested to see how this investment progresses
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Wow, this collaboration between MGX and OpenAI could really shape the future of AI development, especially with the ambition to launch a semiconductor business. do you think this move by the UAE will significantly impact the global AI industry?
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Yes and it’ll be interesting to see what changes it brings
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