Sam Altman, CEO of OpenAI, is scheduled to visit Abu Dhabi this week to engage in discussions with the investment group MGX regarding fundraising efforts. This visit is part of OpenAI's strategy to secure additional funding amid increasing competition from China's DeepSeek, which offers budget-friendly AI solutions. The discussions come on the heels of Altman's recent tour in Asia. Additionally, reports indicate that SoftBank is preparing to invest $40 billion in OpenAI at a valuation of $260 billion, further highlighting the growing interest in AI investments in the region.
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, according to CNBC.
*SOFTBANK NOW SET TO INVEST $40B IN OPENAI AT $260B VALUE: CNBC Right after OpenAI invests $40BN in SoftBank
Softbank Set To Invest $40 Bln In OpenAI At $260 Billion Valuation, Sources Say - @CNBC https://t.co/fhRjDf4ctV