AI & Enterprise
OpenAI seeks $50 billion investment round, talks with Middle East sovereign wealth funds
OpenAI is coordinating a new investment round with Saudi Arabia\'s Public Investment Fund (PIF) and Abu Dhabi\'s sovereign wealth fund, CNBC reported on Thursday. The round is expected to be worth $50 billion and could be completed in the first quarter. The size and terms could change and have not been finalised, CNBC said. OpenAI CEO Sam Altman is reportedly in the United Arab Emirates to take part in the talks.
