Tight supply of AI chips is intensifying; OpenAI’s CEO met with around 50 Samsung executives to deepen cooperation.

Beating AI News Flash, according to Bloomberg, OpenAI CEO Sam Altman met with approximately 50 Samsung Group executives in South Korea on October 31 to discuss deepening cooperation in memory chips and AI infrastructure. Attendees represented Samsung’s business units spanning electronics, finance, and biotech, with topics ranging from AI’s impact on industries, corporate decision-making, and business opportunities over the next decade. The meeting takes place against the backdrop of a global memory chip shortage and ongoing price hikes, as surging demand from data center operators further fuels competition for chip supplies. The world’s top five AI infrastructure players are set to invest over $3 trillion in the coming years, with memory chips making up around one-third of data center expenditure. The gathering also follows the pair’s previously announced partnerships, including supplying memory chips for OpenAI’s Stargate infrastructure project and co-developing AI data centers, with initiatives such as offshore floating data centers included.