OpenAI is reportedly closing in on a massive $10 billion funding round, with support from Abu Dhabi’s MGX and a group of global investors, as the company accelerates its push for scale in the artificial intelligence sector.
The funding round is expected to include major investment firms such as Coatue Management and Thrive Capital, highlighting strong institutional interest in the rapidly evolving AI space.
Valuation could reach $850 billion
If finalised, the deal could push OpenAI’s valuation to around $850 billion, positioning it among the most valuable technology companies in the world.
The potential valuation reflects growing confidence in AI as a transformative industry, as well as OpenAI’s leading role in developing advanced models like ChatGPT.
Race for computing power and global expansion
The new funding comes as AI companies worldwide compete for:
- Advanced semiconductor chips
- Top engineering and research talent
- Large-scale infrastructure for training AI models
As models become more complex and resource-intensive, the cost of development continues to rise, driving the need for significant capital injections.
Strategic backing from the UAE
The involvement of MGX signals the UAE’s continued investment in future technologies, particularly artificial intelligence.
Abu Dhabi has been actively positioning itself as a global hub for AI innovation, supporting major players and initiatives that align with its long-term economic diversification goals.
Bigger picture
The funding round builds on earlier investments in OpenAI and underscores a broader trend: AI is becoming one of the most capital-intensive and competitive sectors globally.
With billions flowing into the space, companies are racing not just to innovate, but to secure the resources needed to lead the next wave of technological transformation.
What this means
As OpenAI moves closer to this landmark funding round, it signals a new phase in the AI race — where scale, infrastructure and global partnerships will define the winners.
