Open AI goes begging for $30 billion from UAE and Blackrock — $1.4 trillion valuation is delusional.
OpenAI is discussing a financing round of at least $30 billion with investors including BlackRock and several United Arab Emirates investment funds, potentially lifting the ChatGPT developer’s valuation to about $1.4 trillion, according to Bloomberg. The UAE investors, including Abu Dhabi-based MGX, are considering forming a syndicate that could contribute up to $10 billion, Bloomberg … Read more