According to Bloomberg, OpenAI‘s CEO Sam Altman has recently met with leading Middle East sovereign investors as he seeks to line up a new fundraising round that has the potential to reach over $50 billion.
The deal would value OpenAI at roughly $750 billion to $830 billion, up from about $500 billion last fall. Bloomberg reports Altman has spoken with state-backed funds in Abu Dhabi, while OpenAI has also held talks with Amazon about a separate $10 billion investment. OpenAI declined to comment.
This would be one of the largest private capital raises in history, reflecting how capital-hungry the AI race has become. OpenAI has committed to spending more than $1.4 trillion on chips, data centres and computing power, underscoring how control over infrastructure is now as important as software. Gulf investors are emerging as critical financiers of this build-out, with Abu Dhabi’s MGX already backing OpenAI and G42 partnering on a massive UAE data-centre project.
The talks are still early, and the size and valuation could shift. Analysts will watch whether OpenAI secures a cornerstone Gulf investor, especially as rivals like Anthropic, now seeking funding at a $350 billion valuation, and xAI also court Middle Eastern capital.
Source: Smashi Business
Image Credit: OpenAI
