Industry News
OpenAI Seeks Up to USD 30 Billion in Funding from UAE Investors and Coatue
OpenAI is in talks to raise up to USD 30 billion in fresh funding led by UAE investors alongside US investment firm Coatue, according to CNBC as reported by EnterpriseAM. The ChatGPT developer is targeting a pre-money valuation of USD 1.25 trillion, down from an earlier pitch of USD 1.4 trillion. The transaction discussions also include securing additional computing capacity within the UAE.
