OpenAI Chief Executive Officer Sam Altman met with Samsung Group's top executives in South Korea on Saturday to deepen cooperation on memory chips and AI infrastructure as global shortages intensify.
Samsung hosted Altman for talks with about 50 executives from its electronics, financial and biotechnology affiliates in Yongin, south of Seoul, the Korean company said in a statement. The discussions focused on how artificial intelligence can reshape industries, corporate decision-making and business opportunities over the next decade.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The meeting comes as shortages in a broad array of memory products strain the global electronics industry and send chip prices soaring. Demand from data-center operators is intensifying competition for supplies, with the five biggest players in the AI infrastructure race planning to spend more than $3 trillion in the coming years. Memory accounts for roughly a third of data-center spending.
Altman is the latest American tech leader to visit South Korea, the leader in advanced memory chips and a country where AI adoption is accelerating among businesses and consumers. Nvidia Corp. CEO Jensen Huang and Advanced Micro Devices Inc.'s Lisa Su both visited twice since last year to strengthen supply-chain ties. Technology executives have warned that chip production is struggling to keep pace with demand.
Saturday's meeting builds on a partnership announced earlier to supply memory chips for OpenAI's Stargate infrastructure project and cooperate on AI data centers, including floating offshore facilities. Samsung is also accelerating AI adoption across its businesses, from research and manufacturing to marketing and corporate operations.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.