News Abu Dhabi-backed firm in talks to invest in OpenAI chip venture

LONDON: Abu Dhabi’s state-backed investment firm MGX is in early stage discussions to invest in ChatGPT-maker OpenAI’s chip venture, the Financial Times reported on Friday, citing two sources.

MGX, a technology investment company with Abu Dhabi’s Mubadala and artificial intelligence firm G42 as founding partners, was only launched earlier this week.

MGX and OpenAI did not immediately reply to a request for comment.

The report follows an earlier FT story that said Singapore’s Temasek Holdings was in talks to invest in OpenAI.

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