{"id":451391,"date":"2026-01-22T09:39:37","date_gmt":"2026-01-22T06:39:37","guid":{"rendered":"https:\/\/menatech.net\/en\/?p=451391"},"modified":"2026-03-05T22:40:30","modified_gmt":"2026-03-05T19:40:30","slug":"openai-boss-targets-the-gulf-for-a-50-billion-funding-round","status":"publish","type":"post","link":"https:\/\/menatech.net\/en\/openai-boss-targets-the-gulf-for-a-50-billion-funding-round\/","title":{"rendered":"OpenAI boss targets the Gulf for a $50 billion funding round"},"content":{"rendered":"<div>\n<p>Sam Altman, the chief executive of OpenAI, has reportedly held meetings with investors in the Middle East as part of efforts to raise close to $50 billion in a new funding round.<\/p>\n<\/div>\n<div>\n<p>According to a Bloomberg report, Altman met with a range of investors, including state-backed funds based in Abu Dhabi. The developer of ChatGPT is said to be seeking fresh capital at a valuation of $750 billion to $830 billion, the report noted.<\/p>\n<\/div>\n<div>\n<p>According to Bloomberg, the discussions remain at early stages, and the eventual size of the fundraising could change drastically from here.<\/p>\n<\/div>\n<div>\n<p>Last October, Abu Dhabi-based technology investor MGX acquired shares in OpenAI through a $6.6 billion secondary transaction that valued the US company at $500 billion. That deal followed a separate funding round in October 2024, which valued OpenAI at roughly $157 billion, with MGX also participating.<\/p>\n<\/div>\n<div>\n<p>MGX was initially launched in March 2024 by Mubadala and artificial intelligence firm G42, and focuses on investments in AI infrastructure, semiconductors, and core technologies.<\/p>\n<\/div>\n<div>\n<p>In June, OpenAI also met with representatives of Saudi Arabia\u2019s Public Investment Fund (PIF), India\u2019s Reliance Industries, and MGX to discuss a separate $40 billion financing effort. According to the report, the investors \u201ccould put in at least hundreds of millions of dollars each\u201d.<\/p>\n<\/div>\n<div>\n<p>It\u2019s noteworthy that OpenAI has selected the United Arab Emirates as the first international location for its Stargate data infrastructure project, which is expected to deliver up to 5 gigawatts of computing capacity. The project will be developed by G42 in collaboration with OpenAI, Oracle, Nvidia, Cisco, and SoftBank, and was announced in May 2025.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sam Altman, the chief executive of OpenAI, has reportedly held meetings with investors in the Middle East as part of efforts to raise close to $50 billion in a new funding round. According to a Bloomberg report, Altman met with a range of investors, including state-backed funds based in Abu Dhabi. The developer of ChatGPT [&hellip;]<\/p>\n","protected":false},"author":254,"featured_media":451393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":[],"meta":{"_acf_changed":false,"_breakdance_hide_in_design_set":false,"_breakdance_tags":"","footnotes":""},"categories":[29330],"tags":[29352,29468,29354,29399],"audience-intent":[],"content-types":[],"country":[],"entity":[],"persona":[],"class_list":["post-451391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-artificial-intelligence","tag-middle-east","tag-saudi-arabia","tag-uae"],"acf":[],"_links":{"self":[{"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/posts\/451391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/users\/254"}],"replies":[{"embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/comments?post=451391"}],"version-history":[{"count":0,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/posts\/451391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/media\/451393"}],"wp:attachment":[{"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/media?parent=451391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/categories?post=451391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/tags?post=451391"},{"taxonomy":"audience-intent","embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/audience-intent?post=451391"},{"taxonomy":"content-types","embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/content-types?post=451391"},{"taxonomy":"country","embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/country?post=451391"},{"taxonomy":"entity","embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/entity?post=451391"},{"taxonomy":"format","embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/format?post=451391"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/menatech.net\/en\/wp-json\/wp\/v2\/persona?post=451391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}