AI Frenzy: OpenAI Expands Global Presence with New Dublin Office

Microsoft Corp (NASDAQ:MSFT) backed OpenAI Inc eyes a second base outside the U.S. office, this time in Dublin.

CEO Sam Altman praised Ireland's tech and startup ecosystem's "impressive growth and advancement." 

The ChatGPT parent previously announced its first outside the U.S. in June in London, Bloomberg reports.

Also Read: OpenAI Explores Marketplace: Empowering Developers to Monetize AI Models on Microsoft's ChatGPT

OpenAI also published nine Irish job listings to its careers page and shared ambitions to grow the team to "propel our operations, trust and safety, go-to-market, security engineering, and legal work as part of our ongoing commitment to better serve the European market."

OpenAI joins tech giants including Meta Platforms Inc (NASDAQ:META), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), LinkedIn Corp, and Apple Inc (NASDAQ:AAPL) in establishing a base in Ireland in quest of the lowest corporate tax rates in Europe, the country's position within the European Union, and the existing tech talent base.

The company has raised over $10 billion, and Altman has spent a significant chunk of 2023 on a world tour, speaking to regulators about the risks of AI and discussing the prospect of opening offices in their jurisdictions.

OpenAI looks to generate over $1 billion in revenue over the next 12 months from selling artificial intelligence software and computing capacity. Earlier, the ChatGPT maker projected $200 million in revenue for 2023.

Meanwhile, AI beneficiaries, Microsoft president Brad Smith and Nvidia Corp's (NASDAQ:NVDA) chief scientist, William Dally, testified in Senate AI hearings.