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OpenAI is in talks with Abu Dhabi's MGX and BlackRock for a $30B round

OpenAI is asking UAE funds and BlackRock to anchor a $30 billion round at a $1.4 trillion valuation, with no lead investor chosen.

Summary by TNW
OpenAI is in talks with UAE funds including MGX, which may put in as much as $10B together, and with BlackRock, to anchor a $30B round at a $1.4T valuation it is presenting as a fixed price without a lead investor. The EU’s AI gigafactory programme carries the same headline number with about EUR 1B […] This story continues at The Next Web

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OpenAI is dealing with the Abu Dhabi MGX fund and the BlackRock asset manager to anchor a 30 billion dollar loan. The transaction could bring the valuation of the company that produces ChatGPT to about 1,400 billion dollars, before the arrival of the new capitals. MGX key points could pay up to 10 billion [...]

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Phil's Stock World broke the news on Monday, October 5, 2026.
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