UAE set to help fund OpenAI’s in-house chips

OpenAI's ambitious plans to develop its own semiconductor chips for powering advanced AI models could receive a boost from the United Arab Emirates (UAE), according to a report by the Financial Times.

The report states that MGX — a state-backed group in Abu Dhabi — is in discussions to support OpenAI's venture to build AI chips in-house. This information comes from two individuals with knowledge of the discussions.

In order to achieve its goal of creating...

Arm takes back control of its Chinese biz ahead of IPO

Arm has reportedly taken back control of its “rogue” Chinese business ahead of an expected IPO.

The Chinese venture of the British semiconductor icon began operating as an independent company and conducted its own in-house R&D to create new IP. Dylan Patel, Chief Analyst at SemiAnalysis, even penned a piece titled: ‘The Semiconductor Heist Of The Century – Arm China Has Gone Completely Rogue’.

Arm-owner SoftBank sold 51 percent of its stake in the Chinese...

Nvidia exits from its proposed $40B acquisition of Arm

Nvidia is walking away from its proposed $40 billion acquisition of British chip designer Arm.

The deal caught the attention of global regulators with anti-competition investigations launched in several jurisdictions including the UK, EU, and US.

In November 2021, UK Digital Secretary Nadine Dorries decided to block the merger pending the results of a 24-week ‘Phase 2’ investigation.

With the merger looking almost impossible to be approved by regulators,...