Sep. 13, 2024
OpenAI Reportedly in Talks with UAE Investment Fund for $7 Billion Funding Round
TMTPOST--OpenAI is reportedly considering raising up to $7 billion in a major funding round, aiming for a valuation of $150 billion. The company is reportedly negotiating with the UAE-backed investment fund MGX, as well as with Microsoft and Thrive Capital. A spokesperson for MGX stated that the fund has been discussing technology sector investments with global partners as part of its regular investment activities.
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