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OpenAI aims to make its own AI processors — chip venture in talks with Abu Dhabi investment firm: report

Mar 16, 2024 - tomshardware.com
Abu Dhabi-based investment company MGX is reportedly in discussions to fund OpenAI CEO Sam Altman's plan to build extensive semiconductor manufacturing capacity for AI processors. This aligns with the United Arab Emirates' strategy to become a significant player in the global artificial intelligence industry. Altman's push to develop semiconductors is driven by a desire to reduce reliance on Nvidia's AI GPUs and ensure a steady supply of AI processors to OpenAI and potentially other companies. The cost of building new semiconductor manufacturing facilities could reach up to $7 trillion.

MGX, an AI-focused fund launched by the UAE and chaired by Sheikh Tahnoon bin Zayed al-Nahyan, aims to make Abu Dhabi a central hub for AI development. The UAE has been proactive in its AI initiatives, appointing the world's first AI minister in 2017 and opening an AI-focused graduate university in 2019. However, the UAE's AI ambitions are complicated by geopolitical factors, including U.S.-China trade tensions and national security concerns.

Key takeaways:

  • Abu Dhabi-based investment company MGX is reportedly in talks to finance Sam Altman's plan to build semiconductor manufacturing capacity for AI processors.
  • OpenAI's push to develop its semiconductors is driven by the need to reduce dependency on Nvidia's AI GPUs, such as the H100.
  • Sam Altman, OpenAI's CEO, has estimated that the cost of building new semiconductor manufacturing facilities and supporting infrastructure could reach up to $7 trillion.
  • The UAE is making strategic moves to become a global AI powerhouse, including the establishment of MGX, an AI-focused fund, and partnerships with major players in the AI industry.
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