OpenAI discusses $30 billion financing with MGX and BlackRock

First reported by Bloomberg at · Updated · 2 sources

The UAE funds involved could collectively invest as much as $10 billion, according to The Next Web. That publication also reports that OpenAI is presenting a $1.4 trillion valuation as a fixed price without a lead investor, while Bloomberg attributes the financing discussions to people familiar with the matter.

  • MGX is based in Abu Dhabi.

Covered by 2 publishers within 1 hour of the first report.

Reporting2

Bloomberg OpenAI in $30 Billion Round Talks With UAE Funds, BlackRock · Ed Ludlow, Rebecca Torrence, Shirin Ghaffary and Natasha Mascarenhas
The Next Web OpenAI is in talks with Abu Dhabi’s MGX and BlackRock for a $30B round · Ana-Maria Stanciuc

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Topics OpenAI