OpenAI seeks support from Middle Eastern investors, aiming to raise over $50 billion, with a valuation of up to $830 billion

According to Bloomberg, OpenAI CEO Sam Altman recently met with top investors in the Middle East, including the Abu Dhabi sovereign fund, seeking a new round of financing of at least $50 billion, with a valuation target of $750 billion to $830 billion.

This financing will be used to support the high costs of chips, data centers, and talent required for the development of its AI systems. OpenAI has previously collaborated with Abu Dhabi investment firms MGX and G42, and plans to invest over $1.4 trillion in AI infrastructure over the coming years. Currently, this round of financing is still in the early stages, and the amount may still be adjusted.