Foxconn says new OpenAI partnership is in development

AI · First reported 30 Oct, 08:38 · Updated 09:10

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Foxconn chairman Young Liu said the company is working on a new partnership with OpenAI, but gave no details and said an announcement would follow once terms are finalised. Liu also said Foxconn expects double-digit growth next year and rejected the view that the AI industry is in a bubble.

Liu said he met OpenAI CEO Sam Altman in Taipei and that details of a new partnership would be announced after they are finalised.
The companies previously agreed to work on AI data-centre racks and related hardware; the earlier arrangement did not commit OpenAI to buy the equipment.
Liu said Foxconn expects double-digit growth next year and sees a need to expand its Houston facilities, where it makes AI servers for Nvidia.

Summary written by Lux AI from 2 articles

Key facts

Foxconn chairman: Young Liu
Meeting: Liu said he met OpenAI CEO Sam Altman in Taipei on Friday.
Second-quarter revenue: Cloud and networking products, including AI servers, accounted for 51%.
Humanoid robots: More than 10 had been deployed for internal use at Foxconn’s Texas facilities, CNA reported.