Financial Insights That Matter
OpenAI, the creator of the chatbot ChatGPT, is planning to expand its operations to Germany, as part of its expansion plan in Europe.
The new office is set to open in the coming months in southern Germany. The move was announced by government agency Germany Trade & Invest.
Germany Trade & Invest is an agency for international business promotion. It is owned by the Ministry for Economic Affairs and Climate Action.
OpenAI CEO and co-founder Sam Altman said: “Germany is renowned for its technical expertise, academic excellence and industrial innovation.
“So it’s no surprise it has become a world leader in AI adoption. Opening our first office in Germany means we can help even more people, businesses, institutions benefit from AI’s possibilities.”
The expansion into Germany follows a series of discussions with high-ranking German officials that began in 2023.
Germany Trade & Invest CEO Robert Hermann said: “The EU has created a solid regulatory framework so that companies producing AI applications here know that they will meet standards around the world.
“OpenAI’s selection of Munich as its new office location underscores the central importance of Germany, Europe’s largest market, in European artificial intelligence. And it’s a major sign of Munich’s growing significance as a deeptech hub.”
In a separate announcement, OpenAI CEO Sam Altman expressed interest for further European integration, looking to introduce a Stargate-like AI programme in Europe, reported Reuters.
Stargate is supported by OpenAI, Softbank, and Oracle. It involves an investment of up to $500bn in AI infrastructure over the next five years.
“OpenAI plans to open first Germany office” was originally created and published by Verdict, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.