This is a fund from the UAE
This may be the most dangerous AI tool available to humans in 2024. The OpenAI Sora neural network will hit the market soon
The OpenAI company uses Nvidia accelerators for its work, which it acquired, among other things, thanks to investments from Microsoft. However, now OpenAI, like many others, is working on its own artificial intelligence chips.
The company's CEO Sam Altman, as part of his initiative to raise gigantic investments to build new factories for the production of chips for AI, has already talked to many potential investors. In particular, Altman recently negotiated with the newly created MGX fund from Abu Dhabi, and this may be the first or one of the first investors in Altman’s project.
MGX, an AI-focused fund launched by the UAE, is led by Sheikh Tahnoun bin Zayed Al Nahyan. The foundation aims to make Abu Dhabi a hub for the development of artificial intelligence. The sheikh himself also heads G42, a UAE-based artificial intelligence holding company backed by Abu Dhabi's sovereign wealth fund Mubadala.
Unfortunately, there is no data yet on the prospects for negotiations, and no single investor is able to allocate the $5-7 trillion claimed by Altman, but joining the MGX project could give impetus to further growth of investments in the project.