OpenAI is in talks with Abu Dhabi’s MGX and BlackRock for a $30B round
Abu Dhabi's MGX is discussing a syndicate worth as much as $10B and no lead investor has been chosen, which is not how rounds are normally priced, while Europe's AI programme of the same headline size has about EUR 1B of public money committed
Via TNW | Artificial-intelligence
OpenAI is in talks with UAE funds including MGX, which may put in as much as $10B together, and with BlackRock, to anchor a $30B round at a $1.4T valuation it is presenting as a fixed price without a lead investor. The EU’s AI gigafactory programme carries the same headline number with about EUR 1B of public money actually committed.
OpenAI is asking funds in the United Arab Emirates and BlackRock for $30B at a price it set itself. No…
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