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OpenAI is in talks with Abu Dhabi’s MGX and BlackRock for a $30B round
OpenAI is reportedly in talks with United Arab Emirates investment funds, including MGX, and BlackRock to anchor a $30 billion funding round at a $1.4 trillion valuation. The company is presenting the fixed price without a lead investor, departing from traditional venture financing norms. Meanwhile, the European Union's separate €30 billion AI gigafactory program has only about €1 billion in public money currently committed.
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