Sam Altman Meets Mideast Investors for $50 Bn OpenAI Round

OpenAI Chief Executive Officer Sam Altman has been engaging with major investors in the Middle East to arrange a substantial funding round that could total at least $50 billion, according to people familiar with the discussions. Altman’s visits included meetings with leading state-backed investment funds in Abu Dhabi as the artificial intelligence pioneer seeks capital to support its aggressive growth plans.

Key Highlights

• OpenAI CEO Sam Altman explores Middle East funding for a potential $50 billion capital raise.
• Proposed fundraising aims to support AI infrastructure, research expansion, and global growth ambitions.

The proposed capital raise is part of OpenAI’s broader effort to secure financial backing at a valuation estimated between about $750 billion and $830 billion, though these figures and the amount sought remain subject to change. Talks are still in the early stages and could evolve as negotiations progress.

In addition to Middle Eastern discussions, the company has also been in contact with international investors, including Amazon.com Inc., about potential fundraising of at least $10 billion, Bloomberg News has previously reported.

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OpenAI has previously secured funding from Middle Eastern partners such as MGX, the Abu Dhabi-based tech investment firm, and has formed strategic collaborations in the region. The company’s latest fundraising push reflects continued efforts to underwrite the escalating costs of AI research, infrastructure and talent acquisition necessary to maintain its competitive position in a rapidly evolving global artificial intelligence landscape.