Bloomberg: OpenAI discusses raising $10 billion from UAE funds

OpenAI is in talks with several investment funds from the UAE, Bloomberg reports, citing sources.

Arab investors, including Abu Dhabi-based fund MGX, plan to create a syndicate and invest up to $10 billion in the developer ChatGPT.

The funds could form part of a major funding round totaling at least $30 billion, with the company valued at $1.4 trillion. The group may also be joined by investment firm BlackRock Inc. In addition, among other possible participants, current investors are mentioned - Thrive Capital, Andreessen Horowitz.

In September, the head of OpenAI Sam Altman announced the postponement of the initial public offering (IPO). He explained the refusal to go public in 2026 by the need to focus on security issues and adapt to the new realities of the AI industry.