OpenAI is holding talks with a number of investment funds based in the United Arab Emirates about a financing package worth as much as $10 billion, Bloomberg has reported, citing people familiar with the matter. Kommersant carried an account of the report.
Among the Emirati investors involved is MGX, a fund headquartered in Abu Dhabi. According to the report, the investors intend to band together in a syndicate and direct the money into the company behind ChatGPT.