financetom
Business
financetom
/
Business
/
OpenAI's Altman envisions Stargate-like programme for Europe
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
OpenAI's Altman envisions Stargate-like programme for Europe
Feb 7, 2025 8:47 AM

BERLIN, Feb 7 (Reuters) - OpenAI CEO Sam Altman on

Friday signaled willingness to bring a Stargate-like artificial

intelligence program to Europe, saying his company would "love"

to do a Stargate Europe.

Stargate is a U.S. venture launched by U.S. President Donald

Trump that involves backers like OpenAI, Softbank and

Oracle. Up to $500 billion will be invested in AI

infrastructure over the next five years.

"We need help," Altman told students at a panel discussion

at the Technical University of Berlin, stressing that it would

be up to Europeans to decide how they want to set their rules

for AI technology. "We'll obviously comply with whatever they

are," said Altman. According to Altman, it would be in Europe's

best interest to adopt AI and not lag behind the rest of the

world.

OpenAI will open a new office in Munich, Germany, as part of

its European expansion plans, the company announced in a press

release. "Opening our first office in Germany means we can help

even more people, businesses, institutions benefit from AI's

possibilities," said Altman.

OpenAI has expanded to the European continent in recent

years, announcing offices in Dublin and London in 2023 and two

additional ones in Paris and Brussels in 2024.

On Monday, Altman is expected to attend an AI summit in

Paris, which will also be attended by several European heads of

state and other government officials.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hartford's Q1 profit rises on higher premiums, investment income
Hartford's Q1 profit rises on higher premiums, investment income
Apr 25, 2024
April 25 (Reuters) - Hartford Financial Services ( HIG ) on Thursday reported a rise in first-quarter profit, as the investment and insurance firm benefited from a higher income from investments. A rally in global markets since the start of the year has helped insurers who invest in various market instruments to post significant gains in their investment income. Its...
FICO posts higher profit on scores business strength
FICO posts higher profit on scores business strength
Apr 25, 2024
April 25 (Reuters) - Credit scoring giant Fair Isaac Corp ( FICO ) posted a rise in second-quarter profit on Thursday, helped by robust demand for its scores and software businesses. The seven-decade-old company is best known for its FICO Score, the standard measure of consumer credit risk used by banks, credit card issuers, mortgage lenders and auto loan providers....
Kinsale Capital Q1 Earnings, Revenue Rise
Kinsale Capital Q1 Earnings, Revenue Rise
Apr 25, 2024
05:51 PM EDT, 04/25/2024 (MT Newswires) -- Kinsale Capital Group ( KNSL ) reported Q1 operating earnings Thursday of $4.24 per diluted share, up from $2.40 a year earlier. Analysts polled by Capital IQ expected $3.28. Revenue for the quarter ended March 31 was $372.8 million, up from $263.1 million a year earlier. Analysts polled by Capital IQ expected $358.1...
Eastman Chemical beats estimates as destocking trends abate, affirms FY profit outlook
Eastman Chemical beats estimates as destocking trends abate, affirms FY profit outlook
Apr 25, 2024
April 25 (Reuters) - Eastman Chemical ( EMN ) beat Wall Street estimates for first-quarter profit on Thursday, helped by a decline in destocking trends across key markets. The company's adjusted profit was $1.61 per share for the three months ended March 31, compared with analysts' average estimate of $1.43 per share, according to LSEG data. Chemical companies have been...
Copyright 2023-2026 - www.financetom.com All Rights Reserved