OpenAI aims to raise over 50 billion USD with valuation target of up to 830 billion USD from Middle Eastern investors

OpenAI is actively seeking at least 50 billion USD in its funding round while aiming for a valuation range of 750 billion to 830 billion USD.

The funding will cover significant expenses related to chips, data centers, and AI talent, ensuring continued development in AI technology.

CEO Sam Altman has met with prominent investors, including the Abu Dhabi state fund, fostering partnerships that will aid in the substantial investment in AI infrastructure.