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OpenAI Founder Altman Visits Middle East to Discuss $50 Billion New Financing
Sources familiar with the matter revealed that OpenAI co-founder and CEO Sam Altman recently met with major investors in the Middle East to raise funds for a new round of financing totaling at least $50 billion. The sources said that Altman recently visited the region and held talks with investors, including some major sovereign funds in Abu Dhabi. The sources also stated that the company is currently seeking a valuation of approximately $75 billion to $83 billion to raise $50 billion or more in this round of funding. The negotiations are still in the early stages, and the specific amount may change. According to previous media reports, OpenAI has also recently been in talks with Amazon, planning to raise at least $10 billion.