OpenAI Teams Up With Samsung and SK Hynix for AI Infrastructure Boost
OpenAI has partnered with Samsung and SK Hynix to bolster its Stargate AI infrastructure, securing a substantial supply of semiconductor wafers and constructing two powerful data centers. By 2029, OpenAI will receive 900,000 semiconductor wafers, and two data centers with a combined capacity of 20 MW will be built to support its growing computational needs. This move coincides with the launch of 'OpenAI for Countries', an initiative fostering sovereign AI deployments.
In a secondary share sale, OpenAI's valuation surged to $500 billion, with investors like Thrive Capital, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price joining SoftBank in participating. Former and current employees sold approximately $6.6 billion worth of stock, contributing to the new valuation.
Meanwhile, Google has reorganized its cloud division, eliminating over 100 jobs, predominantly in design-oriented units, to prioritize AI investments. Additionally, bettors on Polymarket predict a U.S. government shutdown extension past October 15, with a strong 43% probability.
OpenAI's strategic partnership, infrastructure expansion, and soaring valuation indicate a significant push in AI development. Google's job cuts and AI focus, along with U.S. shutdown predictions, underscore the dynamic nature of the tech industry and global politics.
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