According to people familiar with the matter, a number of UAE investment funds, including MGX, are in talks with OpenAI and may participate in the AI giant's latest round of financing of 30 billion US dollars. One of the people familiar with the matter said that these funds will form a consortium to participate in OpenAI's round of financing. According to another source, the total investment amount discussed by these UAE funds reached a maximum of US$10 billion. People familiar with the matter said that BlackRock is also in discussions to participate in this round of financing. Funding is still ongoing, and specific terms are subject to change. Due to undisclosed information, these people familiar with the matter requested anonymity.

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