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This report highlights significant capital interest from sovereign wealth funds and asset managers like BlackRock in OpenAI's expansion, signaling a major shift in how large-scale AI infrastructure is being financed globally. The potential entry of $10 billion in new capital underscores the industry's move toward massive institutional backing rather than just venture capital, which will likely influence future model development trajectories and geopolitical dynamics in AI deployment.

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Multiple UAE Funds and BlackRock Reportedly in Talks to Join OpenAI's Latest $30 Billion Funding Round

36KrOctober 6, 20261 min read

Sources say that multiple UAE investment funds, including MGX, are in discussions with OpenAI to potentially participate in the AI giant's latest $30 billion funding round. One source stated that these funds will form a consortium for this round, while another noted that the combined investment amount being discussed could reach up to $10 billion. Sources also indicated that BlackRock is in talks to join the round. The financing process is ongoing, and specific terms may change. Due to the involvement of undisclosed information, these sources requested anonymity.

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