BlackRock and UAE Funds Discuss Joining OpenAI’s $30 Billion Round
UAE investors, including MGX, are weighing a combined contribution of up to $10 billion. OpenAI is seeking to raise at least $30 billion at a roughly $1.4 trillion pre-money valuation.
BlackRock and several United Arab Emirates investment funds are discussing joining OpenAI’s latest funding round, with the UAE investors considering a combined contribution of up to $10 billion.
The funds, including MGX, are considering participating as a consortium. The financing is ongoing, and its terms may change.
OpenAI is seeking to raise at least $30 billion, with a pre-money valuation of about $1.4 trillion. The company’s most recent funding was in March, when it raised $122 billion at an $852 billion post-money valuation.
OpenAI has delayed its planned initial public offering until at least next year, citing a focus on AI safety.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.