OpenAI is in talks with the UAE investment fund for a new round of $7 billion financing, with a post-investment valuation potentially reaching $150 billion
ChainCatcher news, according to The Information, the artificial intelligence company OpenAI is in talks with institutions such as the UAE investment fund MGX to plan a large-scale financing round of up to $7 billion. After this round of financing, OpenAI's valuation could reach $150 billion. In addition to MGX, existing investors like Microsoft and Thrive Capital are also expected to participate.Due to the potential connections between Middle Eastern investors and China and Russia, this financing may face scrutiny from U.S. regulators. OpenAI is currently growing rapidly but is also consuming a large amount of capital, and this financing will be used to support its ongoing development and employee stock buybacks.