OpenAI in talks with UAE investment funds to raise up to $10 billion

OpenAI is in talks with investment funds from the United Arab Emirates (UAE) to participate in a new funding round worth at least $30 billion.

According to Report, citing Bloomberg, UAE investors are discussing the possibility of forming a partnership to jointly invest in OpenAI.

According to sources cited by the agency, the total potential investment from UAE funds could reach $10 billion.

US investment firm BlackRock is also considering joining the funding round.

Bloomberg previously reported that OpenAI expects to raise at least $30 billion, which would bring the company's valuation to approximately $1.4 trillion.