OpenAI boosts AI chip dreams with AI patents from Altman-backed startup

AI company, OpenAI, has announced the purchase of patents from chip startup, Rain AI.  This comes after negotiations to buy the company outright collapsed. 

The announcement doesn’t state the purchase price, nor does it state how many patents were bought. It’s worth noting that Rain AI has received funding from Sam Altman, the CEO of OpenAI, in the past.

The deal is happening at a time when OpenAI has its hands full with litigation matters. Today, OpenAI asked a federal judge to dismiss Apple’s lawsuit accusing it of pilfering secret hardware trade information. 

Thus, the AI company finds itself defending its process of hiring engineers in court while simultaneously enhancing the intellectual property needed to build its own chips.

A takeover that did not materialize

Rain AI nearly became a part of OpenAI, but negotiations collapsed as both parties were unable to agree on a deal. OpenAI, however, left with some of Rain AI’s patents despite not buying the company.

This doesn’t spell good news for the AI startup. The company has lost almost all its staff, and operations have pretty much been brought to a halt. 

… Continue reading the full article at the original source below.