ChatGPT's parent company OpenAI to open SG office amidst regional expansion

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ChatGPT's parent company, OpenAI, will reportedly open an office in Singapore later this year. The news was announced at the technology conference Tech Week Singapore.

OpenAI has also reportedly begun building a team in the country, according to CNA.

Don't miss: OpenAI's US$6.5B fundraising nears completion

Singapore will reportedly be a hub and OpenAI will support customers and partners throughout the APAC region through it. The team here will also help to strengthen relationships with local and regional governments, businesses and institutions, said the company.

At Tech Week Singapore, OpenAI reportedly said that its plan reflects Singapore's leading position in technology and artificial intelligence, as well as the growing demand for advanced AI tools in the APAC region.

OpenAI's CEO, Sam Altman, also reportedly said that the company is excited to partner with the Singapore government and the country's AI ecosystem as it expands.

OpenAI's local presence will also reportedly allow it to work more closely with government partners such as the Economic Development Board (EDB), it said.

Oliver Jay has since been onboarded as OpenAI's managing director as of this year, leading OpenAI's strategy and operations in international market, according to his LinkedIn page.

MARKETING-INTERACTIVE has reached out to OpenAI for more information.

This comes shortly after it was revealed that OpenAI's latest venture capital fundraising is nearing completion.

The US$6.5 billion funding round values OpenAI at US$150 billion. This is up from US$86 billion during the previous round in 2023, reported Business Times.

The funding round has seen strong investor demand and is likely to be finalised in the next two weeks, reported Reuters. Investors this round include existing investors such as Thrive Capital, Khosla Ventures and Microsoft.

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