According to ChainCatcher, according to The Information, artificial intelligence company OpenAI is in talks with UAE investment fund MGX and other institutions, planning a large-scale round of financing of up to US$7 billion. After this round of financing is completed, OpenAI's valuation may reach US$150 billion. In addition to MGX, existing investors such as Microsoft and Thrive Capital are also expected to participate.
The financing, which could face scrutiny from U.S. regulators due to the Middle Eastern investors’ potential links to China and Russia, will be used to support continued development and employee share buybacks as OpenAI grows rapidly but also consumes a lot of cash.
