OpenAI's $20 Billion Race: Sam Altman Lands UAE Energy and Investment Deals to Power AI Expansion
International Business Times
Picture: International Business Times
OpenAI CEO Sam Altman is turning to the UAE for energy, investment and AI infrastructure as the ChatGPT maker races to fund its expansion, signing a series of agreements in Abu Dhabi while seeking up to $20 billion in fresh capital. The deals span the energy sector, government, investment analysis and AI adoption, deepening OpenAI 's ties with one of the world's fastest-growing artificial intelligence hubs. Altman met Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on Monday as OpenAI announced arrangements with several UAE entities. The agreements come as OpenAI seeks investor commitments for a new funding round that could reportedly value the company at more than $1.4 trillion.
Also carried by Bloomberg.com.
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