The UAE is ready to finance OpenAI chips.

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OpenAI's ambitious plans to develop its own semiconductor chips

Advanced artificial intelligence models may receive support from the United Arab Emirates (UAE), according to a report by the Financial Times.

Attracting funding for OpenAI

By producing its own chips, the San Francisco-based company aims to reduce its dependence on Nvidia, the current global leader in semiconductor technology. As part of its efforts to attract funding, OpenAI entered into an agreement with Thrive Capital in February 2023, which reportedly increased the company's valuation to over $80 billion, marking nearly a threefold growth in less than 10 months.

• The UK's participation in the "Joint Efforts in Chip Production" program
• 1.3 billion euros has been allocated from the Horizon Europe program to support research in semiconductor technologies until 2027.
• The UK government has allocated £5 million this year and plans to allocate an additional £30 million to support the UK's participation in further research between 2025 and 2027.

Quote from Minister of Technology Sakib Bhatti

“Our participation in the Joint Efforts in Chip Production program strengthens the UK’s strengths in science and semiconductor research to secure our position in the global chip supply chain.”

Investments in OpenAI by MGX in the UAE

Returning to the UAE, MGX - the group behind potential investments in OpenAI - is a fund focused on artificial intelligence, launched this week and led by the UAE's national security advisor, Sheikh Tahnoun Bin Zayed Al Nahyan.

The partnership between G42 and OpenAI

In October 2023, G42 entered into a partnership with OpenAI, allowing the company to expand its operations in the Middle East. OpenAI's CEO Sam Altman stated that they plan to bring artificial intelligence solutions to the Middle East that "resonate with the nuances of the region."

The end of the race for semiconductor technology development

As the race to develop advanced semiconductor technologies intensifies, both the UAE and the UK-EU are positioning themselves as key players.