OpenAI is seeking to raise over $50 billion in a new funding round, aiming for a valuation between $750 billion and $830 billion. CEO Sam Altman has engaged with major Middle Eastern investors, including the Abu Dhabi state-owned fund, to support the company's ambitious AI infrastructure plans. This funding will address the substantial costs associated with chips, data centers, and talent. OpenAI has existing partnerships with Abu Dhabi firms MGX and G42 and plans to invest over $1.4 trillion in AI infrastructure in the coming years. The financing discussions are in early stages, and the final amount may vary.
OpenAI Targets $50 Billion Funding from Middle Eastern Investors
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