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OpenAI CEO Reportedly Visits Middle East Recently to Seek Investors for Latest US$50B Financing Round
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OpenAI CEO Sam Altman recently visited the Middle East to meet with major investors in the region, with an aim to discuss the Company's latest financing round of at least US$50 billion, at a valuation between US$750 billion and US$830 billion, higher than the US$500 billion valuation allowed for employee stock sales in the fall of 2025, Bloomberg quoted sources as saying. Altman once met with major state-backed funds in Abu Dhabi, UAE, and that the final financing amount may vary, the sources added. The Company has also been in discussions with Amazon.com (AMZN.US) for at least US$10 billion. The Information previously reported that the company has discussed raising tens of billions of dollars at a valuation of US$750 billion. AASTOCKS Financial News Website: www.aastocks.com |
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