OpenAI Courts UAE Funds Including MGX for $30 Billion Private Round

OpenAI is in talks with United Arab Emirates investment funds, including Abu Dhabi-based MGX, to help anchor a new funding round of at least $30 billion, according to people familiar with the discussions. The talks would extend the ChatGPT maker's reliance on private capital as it seeks a valuation of roughly $1.4 trillion before the new money.