AI Abu Dhabi Startup News

Sam Altman, CEO of OpenAI, has ambitious plans to build a semiconductor business to produce AI processors for OpenAI’s needs Altman believes OpenAI will need its own AI processors in the long run to stay competitive in the AI market Abu Dhabi, through its newly-launched state-backed AI investment fund MGX, is in talks with Altman to potentially invest in this chip venture MGX aims to build up to $100 billion in assets under management within a few years of its launch The United Arab Emirates is seeking to become a significant AI power and global leader in testing and regulating AI technology The talks between MGX and Altman are still in early stages, but could lead to a major investment deal to support OpenAI’s in-house chip development plans Abu Dhabi’s MGX in Talks to Invest in Sam Altman’s Chip Venture Abu Dhabi, UAE - MGX, the newly-established Abu Dhabi technology investment company, is reportedly in talks to invest billions of dollars in Sam Altman’s visionary plan to build a network of AI chip factories worldwide.

Abu Dhabi has unveiled MGX, a new technology investment company aimed at accelerating the development and adoption of artificial intelligence (AI) and advanced technologies. Launched by the Artificial Intelligence and Advanced Technology Council (AIATC), MGX is set to become one of the world’s largest funds focused solely on AI, with a target of surpassing $100 billion in assets under management. Focusing on Key AI Sectors MGX will invest in three core areas:

On June 6, 2023, a remarkable discussion unfolded in the Abu Dhabi Global Market (ADGM), hosted by Hub71, featuring leading AI visionaries and emerging tech entrepreneurs. At the core of the discourse was AI’s profound influence on startups and how it would bridge the generational divide and revolutionize work. OpenAI’s CEO, Sam Altman, has been globe-trotting, spreading the word about the transformative power of AI and the significant role the UAE can play in guiding its future.

Sam Altman is scheduled to host a live question and answer (Q&A) session on Tuesday, June 6th, at 6AM PST at the Abu Dhabi Global Market (ADGM). This dynamic session will provide an open forum where discussions on the future of AI, its opportunities, challenges, and its potential impact on the global landscape will be led by your questions. Sam Altman Abu Dhabi Sam Altman, President of Y Combinator between 2014 and 2019, and currently CEO of OpenAI, is an acknowledged leader in the global technology arena.

In a recent remarkable development, the Falcon 40B parameter Large Language Model (LLM) has clinched the top spot on the coveted Open LLM Leaderboard. An accomplishment made more extraordinary by the fact that this is the first open model developed by the team behind Falcon 40B, making a significant statement in the field of AI. The Open LLM Leaderboard, hosted by 🤗 Hugging Face, is a notable platform that ranks and evaluates LLMs and chatbots based on their performance in different evaluation tasks.