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OpenAI Seeks $30B From UAE Funds, BlackRock Amid IPO Delay
Artificial intelligence firm OpenAI is negotiating with investment groups from the United Arab Emirates and BlackRock for a potential $30 billion investment, which would value the company at $1.4 trillion. A group of these funds might collectively invest $10 billion. The company has postponed its initial public offering until 2026, with CEO Sam Altman citing premature timing due to market pressures and governance concerns.
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