Abu Dhabi-backed firm in talks to invest in OpenAI chip venture, FT reports

FILE PHOTO: OpenAI logo is seen in this illustration taken, March 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - 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.