IT News on October 31: According to Bloomberg, as the global shortage of memory chips becomes increasingly severe, today (October 31) in the afternoon, OpenAI CEO Sam Altman met with senior executives of Samsung Group in South Korea. Both parties plan to further strengthen their cooperation in memory chip supply and AI infrastructure construction.

According to a statement released by Samsung, Altman held talks with approximately 50 executives from Samsung's electronics, finance, and biotechnology divisions in Longin City. Both parties discussed the impact of AI on the industrial landscape, corporate decision-making methods, and business development over the next decade.

A shortage of various storage products is putting pressure on the global electronics industry, and as a result, chip prices have also risen significantly. The demand for data center construction continues to grow, intensifying the competition among major operators for storage chips. AI The top five companies in the infrastructure sector plan to invest over $3 trillion (Note from IT: the current exchange rate is approximately 20.01 trillion yuan) in the coming years, with storage chip expenditures accounting for about one-third of the total data center costs.

Reports indicate that South Korea is in a leading position in the field of advanced memory chip manufacturing, and the adoption of AI technology among local companies and consumers is also accelerating. Since last year, NVIDIA CEO Jensen Huang and AMD CEO Su Zifeng have visited South Korea twice to strengthen supply chain cooperation. Several executives in the tech industry have previously warned that chip manufacturing capacity is struggling to meet the continuously growing market demand.

This meeting is also a continuation of the previous cooperation plans between the two parties. According to the announced cooperation arrangements, Samsung will supply storage chips for OpenAI's 'Stargate' infrastructure project. The two parties will also jointly build a AI data center, with the scope of cooperation including offshore floating data centers. At the same time, Samsung is also accelerating the application of AI technology in its own business, covering research and development, manufacturing, marketing, and corporate operations.