Talking Chips

Abu Dhabi’s new AI investment firm MGX in talks with Altman

The OpenAI Co-founder and CEO is seeking trillions of dollars to fund a chip-making business

Sam Altman, CEO of OpenAI (Photo: Getty Images)

A phosphate rock production site at the Maaden Aluminium Factory in Ras Al-Khair Industrial area near Jubail City, Saudi Arabia. (Photo: Getty Images)

This week, Abu Dhabi launched AI investment company MGX with the ambition of building up $100 billion in assets under management within a few years, which would make it one of the biggest AI-focused investors in the world....