OpenAI is in talks with the United Arab Emirates Investment Fund for a new round of $7 billion financing, which could value the company at $150 billion post-investment
ChainCatcher news, according to The Information, artificial intelligence company OpenAI is in talks with UAE investment fund MGX and other institutions, planning a large-scale financing round of up to $7 billion. After this round of financing is completed, OpenAI's valuation could reach $150 billion. In addition to MGX, existing investors such as Microsoft and Thrive Capital are also expected to participate.
Due to potential connections between Middle Eastern investors and China and Russia, this financing may face scrutiny from U.S. regulatory agencies. OpenAI is currently developing rapidly but also consuming a lot of funds; this funding will be used to support its continued development and employee stock buybacks.
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