Changpeng Zhao Explores Investments in AI Data Centers Amid Legal Troubles: Reports
The founder of Binance, Changpeng Zhao, is making headlines once again as he explores new investment opportunities in the realm of artificial intelligence. Despite facing potential legal consequences for alleged money-laundering schemes, Zhao has been in talks with OpenAI CEO Sam Altman about potential investments in data centers focused on AI.
The details of Zhao’s discussions with Altman remain somewhat mysterious, but it is clear that Zhao is particularly interested in the potential of AI technology. In a recent meeting with computer science professor Ronghui Gu, Zhao expressed his desire to invest in large data centers that power AI applications, emphasizing the importance of AI in advancing technology and human knowledge.
In a public statement in November, Zhao announced his resignation as CEO of Binance, acknowledging his mistakes and taking responsibility for his actions. Despite his legal troubles, Zhao has expressed his intention to invest in areas such as blockchain, decentralized finance, AI, and biotech in the future.
While U.S. prosecutors are seeking a 36-month prison sentence for Zhao for his alleged crimes, he remains free on bond awaiting sentencing. His request to travel to Dubai was recently denied due to concerns about his substantial wealth and potential flight risk.
As Zhao navigates the legal challenges ahead, his interest in AI investments signals a new chapter in his entrepreneurial journey. Stay tuned for updates on this developing story.
