OpenAI Seeks $10 Billion From UAE Funds in New Funding Round
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OpenAI is reportedly in advanced talks with UAE investment funds, primarily MGX, to secure approximately $10 billion as part of a broader $30 billion funding round that would value the AI company at roughly $1.4 trillion. According to people familiar with the discussions, the round represents the latest major capital infusion for the generative AI leader and underscores the critical role Middle Eastern sovereign wealth and tech funds have come to play in financing cutting-edge AI infrastructure.
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