OpenAI Seeking Investments From Middle East Sovereign Wealth Funds for Multibillion-Dollar Round

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OpenAI is in talks with Middle Eastern sovereign wealth funds for a new round of investment, expected to be worth around $50 billion, the details of which are not yet final, CNBC confirmed. Similar topics will be discussed at our AI in Business event on March 18. Registration and details here!

ddaily.co.kr

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[Digital Daily Reporter Sang-il Lee] OpenAI CEO Sam Altman is meeting with major Middle Eastern investors to negotiate a new funding round worth at least $50 billion (approximately 73.3 trillion won), sources familiar with the matter said. Altman reportedly recently visited the region and met with investors, including a major state-owned fund in Abu Dhabi. The details have not been made public. Discussions are in their early stages, and the size…