OpenAI in Talks with UAE Investment Fund for $7 Billion Funding Round, Post-Money Valuation May Reach $150 Billion
According to The Information, artificial intelligence company OpenAI is in talks with investors including the UAE investment fund MGX for a massive funding round of up to $7 billion. Upon completion of this round, OpenAI's valuation could reach $150 billion. In addition to MGX, existing investors such as Microsoft and Thrive Capital are also expected to participate.
This funding may face scrutiny from US regulators due to potential connections between Middle Eastern investors and China and Russia. OpenAI is currently growing rapidly but also consuming a significant amount of funds. This funding will be used to support its continued development and employee stock buybacks.