OpenAI seeks $30 billion funding, UAE funds may invest $10 billion: Report

OpenAI is in talks with multiple investment funds from the UAE as the AI company seeks $30 billion in fresh funding at a valuation of around $1.4 trillion, Bloomberg reported. The UAE-based funds, including MGX, could form a syndicate to invest up to $10 billion in the round. OpenAI recently postponed plans for an IPO until at least next year.