OpenAI seeking investments from Middle East sovereign wealth funds for multibillion-dollar round
Business
OpenAI is in talks with sovereign wealth funds in the Middle East to try to secure investments for a new multibillion dollar funding round, CNBC confirmed on Wednesday. The round is expected to total around $50 billion, but the numbers could change and term sheets have not been signed, according to a source familiar with the discussions who asked not to be named because the details are confidential. Bloomberg was first to report the discussions. OpenAI CEO Sam Altman is in the United Arab
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