BlackRock and multiple UAE investment funds, including MGX, are in discussions to participate in OpenAI’s latest $30 billion funding round. The UAE funds are considering forming a consortium with a combined investment of up to $10 billion, while BlackRock is also negotiating terms as fundraising continues.
OpenAI is targeting at least $30 billion in new capital with a pre-money valuation expected to reach approximately $1.4 trillion. The company has postponed its IPO until at least next year to focus on AI safety, following a March funding round that raised $122 billion at an $852 billion post-money valuation.
BlackRock and UAE Funds in Talks to Join OpenAI’s $30 Billion Funding Round
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