OpenAI Discusses $30 Billion in Funding with UAE Funds and BlackRock

Brief retelling from RIA II

OpenAI is in talks with UAE-based investment funds including MGX to participate in a $30 billion funding round.

BlackRock Inc. is also in negotiations to participate in this round along with a syndicate of funds from the UAE.

WASHINGTON, October 6 - RIA Novosti. OpenAI is discussing the participation of investment funds from the UAE and BlackRock in a $30 billion funding round, Bloomberg reports, citing sources.

"OpenAI is in talks with several investment funds from the United Arab Emirates, including Abu Dhabi-based MGX, about participating as key investors in a $30 billion funding round, people familiar with the matter said," Bloomberg wrote.

According to the agency, the funds can form a syndicate in order to jointly invest up to $10 billion.

"BlackRock Inc. is also in talks to participate in this round along with a syndicate, the sources said," Bloomberg added.

Earlier, OpenAI CEO Sam Altman said the company would not go public in 2026 amid concerns about the safety of AI. Altman is convinced of the possibility of creating a system that people will not control. Anthropic CEO Dario Amodei believes powerful artificial intelligence models can bypass human attempts to stop their work.