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.
A three-month international initiative led by the UAE Ministry of Interior has identified over $39 billion in fraud-linked funds and cryptocurrency across 30 participating countries, including China. Operation Confrontation Ghost brought together law enforcement, INTERPOL, and 13 major private tech companies, resulting in more than 960 arrests and the raiding of 29 scam centers.
The UAE Ministry of Interior led 'Operation Confrontation Ghost', a global initiative uniting 30 countries—including China—and 13 private sector firms such as Huawei and Mastercard to combat cross-border digital fraud. The three-month operation identified over USD 39 billion in scam-linked assets and cryptocurrencies. Law enforcement agencies carried out more than 960 arrests and shut down 29 fraud centres worldwide.
A three-month international law enforcement crackdown led by the UAE Ministry of Interior identified over $39 billion in fraud-linked assets and thwarted more than 123 million online fraud attempts worldwide. The operation engaged 30 countries—including China and the UAE—alongside international agencies and 13 major technology and financial corporations. Joint enforcement measures led to more than 960 arrests, the freezing of 4,126 bank accounts, and raids on 29 fraud hubs.
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