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OpenAI Seeks Major Sponsorship from Middle Eastern Funds - Targeting $50 Billion
OpenAI is negotiating with leading sponsors from the Middle East to inject capital into the next phase of AI development. According to information from PANews, these sponsors include the Abu Dhabi sovereign fund and other major financial organizations in the region.
Strategic Sponsors from Abu Dhabi
OpenAI aims to attract at least $50 billion from Middle Eastern sponsors. These funds are not the company’s first collaboration, as OpenAI has previously worked with organizations such as MGX and G42 — two major investment entities from Abu Dhabi. This partnership reflects OpenAI’s strategy to seek financially strong sponsors to support its global expansion.
Valuation and Massive Operating Costs
In this funding round, OpenAI is negotiating with a target company valuation of $750 billion to $830 billion. This figure reflects the rapid growth of the artificial intelligence sector and the market’s valuation of the company. The capital from sponsors will be used to cover high costs related to developing advanced AI systems.
Investing in Large-Scale AI Infrastructure
Major expenses include purchasing modern computing chips, building and operating data centers for AI processing, as well as recruiting top talent in the industry. OpenAI has announced plans to invest over $1.4 quadrillion into AI infrastructure in the coming years, demonstrating the company’s long-term commitment to technological development.
Outlook and Potential Changes
The current funding round is still in the early negotiation stage, so the figures and terms may change before final announcement. Sponsors from the Middle East continue to prove themselves as important partners in OpenAI’s global expansion strategy.