Sam Altman, the CEO of OpenAI, has reportedly met with investors in the Middle East to raise almost $50 billion in a new fundraising round. Altman met investorsSam Altman, the CEO of OpenAI, has reportedly met with investors in the Middle East to raise almost $50 billion in a new fundraising round. Altman met investors

OpenAI meets Middle East investors for $50bn fundraising

2026/01/22 13:53
2 min read

Sam Altman, the CEO of OpenAI, has reportedly met with investors in the Middle East to raise almost $50 billion in a new fundraising round.

Altman met investors, including some of the state-backed funds in Abu Dhabi, Bloomberg reported.

The ChatGPT developer is seeking new funding at a valuation of $750 to $830 billion, the report said. 

The talks are at an early stage and the final amount to be raised could vary, Bloomberg said.

In October, Abu Dhabi technology investor MGX purchased shares in OpenAI in a $6.6 billion secondary sale that valued the US company at $500 billion. The deal followed an October 2024 round that valued OpenAI at about $157 billion, with MGX also participating in that financing. 

MGX, launched in March 2024 by Mubadala and artificial intelligence company G42, focuses on AI infrastructure, semiconductors and core technologies.

In June, ChatGPT maker met with Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and MGX about its $40 billion financing. The investors “could put in at least hundreds of millions of dollars each”, the report said.

OpenAI has chosen the UAE as the first international site for its Stargate data infrastructure project, expected to provide up to 5 gigawatts of computing power. It will be developed by G42 in partnership with OpenAI, Oracle, Nvidia, Cisco and SoftBank.The deal follows the UAE’s commitment last year to invest $1.4 trillion in the US.

Further reading:

  • MGX buys OpenAI shares in secondary sale
  • Humain secures $1bn to expand AI infrastructure 
  • Mubadala sets focus on robotics and AI
Market Opportunity
Meteora Logo
Meteora Price(MET)
$0.2238
$0.2238$0.2238
-2.56%
USD
Meteora (MET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Tropical Storm Basyang expected to drench Caraga, Northern Mindanao

Tropical Storm Basyang expected to drench Caraga, Northern Mindanao

Moderate to torrential rain from Tropical Storm Basyang (Penha) is expected to cause floods and landslides, with Caraga and Northern Mindanao likely to see the
Share
Rappler2026/02/05 12:40
Hoskinson to Attend Senate Roundtable on Crypto Regulation

Hoskinson to Attend Senate Roundtable on Crypto Regulation

The post Hoskinson to Attend Senate Roundtable on Crypto Regulation appeared on BitcoinEthereumNews.com. Hoskinson confirmed for Senate roundtable on U.S. crypto regulation and market structure. Key topics include SEC vs CFTC oversight split, DeFi regulation, and securities rules. Critics call the roundtable slow, citing Trump’s 2025 executive order as faster. Cardano founder Charles Hoskinson has confirmed that he will attend the Senate Banking Committee roundtable on crypto market structure legislation.  Hoskinson left a hint about his attendance on X while highlighting Journalist Eleanor Terrett’s latest post about the event. Crypto insiders will meet with government officials Terrett shared information gathered from some invitees to the event, noting that a group of leaders from several major cryptocurrency establishments would attend the event. According to Terrett, the group will meet with the Senate Banking Committee leadership in a roundtable to continue talks on market structure regulation. Meanwhile, Terrett noted that the meeting will be held on Thursday, September 18, following an industry review of the committee’s latest approach to distinguishing securities from commodities, DeFi treatment, and other key issues, which has lasted over one week.  Related: Senate Draft Bill Gains Experts’ Praise for Strongest Developer Protections in Crypto Law Notably, the upcoming roundtable between US legislators and crypto industry leaders is a continuation of the process of regularising cryptocurrency regulation in the United States. It is part of the Donald Trump administration’s efforts to provide clarity in the US cryptocurrency ecosystem, which many crypto supporters consider a necessity for the digital asset industry. Despite the ongoing process, some crypto users are unsatisfied with how the US government is handling the issue, particularly the level of bureaucracy involved in creating a lasting cryptocurrency regulatory framework. One such user criticized the process, describing it as a “masterclass in bureaucratic foot-dragging.” According to the critic, America is losing ground to nations already leading in blockchain innovation. He cited…
Share
BitcoinEthereumNews2025/09/18 06:37
Your money, your move: Engage in your financial future

Your money, your move: Engage in your financial future

Five platitudes you should never simply accept from your financial advisor. The post Your money, your move: Engage in your financial future appeared first on MoneySense
Share
Moneysense2026/02/05 12:00