OpenAI is in discussions with investment funds from the United Arab Emirates, including Abu Dhabi-based MGX, and with BlackRock as part of efforts to help anchor a proposed $30 billion financing round, according to people familiar with the matter. The talks focus on bringing multiple investors into a single capital raise for the ChatGPT maker.
One source says UAE funds have discussed potentially investing up to $10 billion in total, potentially through a syndicate. Bloomberg and related reporting describe OpenAI presenting the round as a fixed-price deal, with no single lead investor identified in the accounts. The Next Web also notes an implied valuation headline of about $1.4 trillion associated with the round.
Different outlets emphasize different aspects of the discussions: Bloomberg highlights the parties involved and the scale of the round; NDTV similarly focuses on the proposed syndicate structure and the possible UAE contribution. The Next Web adds details on how the round may be structured and on the valuation figure, though specifics of final terms and whether a lead investor will emerge are not confirmed across reports.
