TechFlow news, according to The Information, AI company OpenAI is in talks with institutions including UAE-based investment fund MGX to raise up to $7 billion in a major funding round. Upon completion of this round, OpenAI's valuation could reach $150 billion. In addition to MGX, existing investors such as Microsoft and Thrive Capital are also expected to participate. Notably, due to potential ties between Middle Eastern investors and China or Russia, the funding may face scrutiny from U.S. regulators. OpenAI is currently growing rapidly but also burning through substantial capital; the funds will support its ongoing development and employee share buybacks.
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