ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
ICP Zero-Fee Gala
Sam Altman, the CEO of OpenAI, has reportedly met with investors in the Middle East to raise almost $50 billion in a new fundraising round. Altman met investorsSam Altman, the CEO of OpenAI, has reportedly met with investors in the Middle East to raise almost $50 billion in a new fundraising round. Altman met investors

OpenAI meets Middle East investors for $50bn fundraising

Author: AgbiSource: Agbi
2026/01/22 13:53
Meteora
MET$0.2364-4.44%

Sam Altman, the CEO of OpenAI, has reportedly met with investors in the Middle East to raise almost $50 billion in a new fundraising round.

Altman met investors, including some of the state-backed funds in Abu Dhabi, Bloomberg reported.

The ChatGPT developer is seeking new funding at a valuation of $750 to $830 billion, the report said. 

The talks are at an early stage and the final amount to be raised could vary, Bloomberg said.

In October, Abu Dhabi technology investor MGX purchased shares in OpenAI in a $6.6 billion secondary sale that valued the US company at $500 billion. The deal followed an October 2024 round that valued OpenAI at about $157 billion, with MGX also participating in that financing. 

MGX, launched in March 2024 by Mubadala and artificial intelligence company G42, focuses on AI infrastructure, semiconductors and core technologies.

In June, ChatGPT maker met with Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and MGX about its $40 billion financing. The investors “could put in at least hundreds of millions of dollars each”, the report said.

OpenAI has chosen the UAE as the first international site for its Stargate data infrastructure project, expected to provide up to 5 gigawatts of computing power. It will be developed by G42 in partnership with OpenAI, Oracle, Nvidia, Cisco and SoftBank.The deal follows the UAE’s commitment last year to invest $1.4 trillion in the US.

Further reading:

  • MGX buys OpenAI shares in secondary sale
  • Humain secures $1bn to expand AI infrastructure 
  • Mubadala sets focus on robotics and AI
Market Opportunity
Meteora Logo
Meteora Price(MET)
$0.2364
$0.2364$0.2364
+0.04%
USD
Meteora (MET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

[Time Trowel] Zamboanga City and ‘Chief of War’

[Time Trowel] Zamboanga City and ‘Chief of War’

Zamboanga's importance never came from being a center that pulled everything inward, but from being a place where connections met and continued.
Share
Rappler2026/02/01 10:00
SUI At The Smart Money Zone: Big Moves Brewing Above $2

SUI At The Smart Money Zone: Big Moves Brewing Above $2

The post SUI At The Smart Money Zone: Big Moves Brewing Above $2 appeared on BitcoinEthereumNews.com. SUI is approaching a critical smart money zone, with price
Share
BitcoinEthereumNews2026/02/01 10:00
Headwind Helps Best Wallet Token

Headwind Helps Best Wallet Token

The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27