OpenAI Seeks Major Funding from Middle Eastern Investors

OpenAI is reportedly in discussions with top investors in the Middle East, including Abu Dhabi's sovereign fund, to secure at least $50 billion in new funding. According to PANews, the company aims for a valuation between $750 billion and $830 billion. The funds are intended to cover the high costs associated with developing its AI systems, including expenses for chips, data centers, and talent. OpenAI has previously collaborated with Abu Dhabi investment entities MGX and G42 and plans to invest over $1.4 trillion in AI infrastructure over the coming years. The current funding round is still in its early stages, and the amount may be subject to change.