OpenAI CEO Sam Altman will meet South Korean President Lee Jae Myung in Seoul on Wednesday because the nation pushes to develop its synthetic intelligence business.
Sam Altman’s Go to To Seoul
Based on the presidential workplace, Altman will meet Lee on the presidential workplace in central Seoul, reported Reuters.
OpenAI this yr opened its first Seoul workplace, appointing former Google government KyoungHoon Kim to steer operations.
The nation has shortly grow to be one in every of OpenAI’s most necessary markets, with the very best variety of paying ChatGPT subscribers outdoors the U.S.
Altman can be anticipated to carry talks with executives from Samsung Electronics Co. (OTC:SSNLF) and SK Hynix, two of the world’s main reminiscence chipmakers supplying elements vital to AI knowledge facilities.
OpenAI has already partnered with Kakao, the nation’s dominant messaging platform, to develop localized AI providers.
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OpenAI’s Increasing World Footprint
Altman’s go to comes as OpenAI’s international valuation climbs. Stories in August stated the corporate is exploring a secondary inventory sale that would worth it at $500 billion, up from $300 billion earlier this yr.
The potential $500 billion valuation marks a 67% rise from OpenAI’s present $300 billion valuation, which was set throughout a record-breaking $40 billion funding spherical accomplished in April.
That spherical, spearheaded by SoftBank Group Corp. (OTC:SFTBF) (OTC:SFTBY) with involvement from Microsoft Corp. (NASDAQ:MSFT), stands as the biggest in enterprise capital historical past, in response to PitchBook knowledge.
In the meantime, earlier this month, Nvidia Company (NASDAQ:NVDA) introduced it might make investments $100 billion to provide OpenAI with chips for its next-generation knowledge infrastructure.
Microsoft shares fell 0.57% in after-hours buying and selling to $515.01, in response to Benzinga Professional. The inventory exhibits a optimistic pattern throughout quick, medium and long-term horizons. Click on right here for an in depth take a look at the inventory, its friends and rivals.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
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