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OpenAI closes $20B funding round led by UAE's MGX with data center option

OpenAI closes $20B funding round with UAE investors

1 Oct 31 3:56 PM · 11d ago · 1 article · 1 source · development 1 of 2

OpenAI completed a $20 billion funding round led by UAE investors, with MGX serving as the largest backer. The investment structure pairs capital with an option on Gulf data center capacity.

OpenAI AI company raising capitalMGX UAE investment firm

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1OpenAI closes $20B funding round with UAE…2Details emerge on UAE investment…
Nov 1Nov 2Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9yesterdaynow · 10:28 PM ET

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