OpenAI deepens Abu Dhabi foothold as Sam Altman inks new deals
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓OpenAI signed deals across energy, investment, and government sectors in the United Arab Emirates to secure funding for a $20 billion round.
- ✓CEO Sam Altman met with the crown prince of Abu Dhabi on Monday.
- ✓Altman said, "Abu Dhabi and the UAE are setting a bold, global standard for AI."
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
OpenAI has signed deals across energy, investment and government sectors in the United Arab Emirates as the AI lab works to secure funding from investors in the region as part of a $20 billion round.
CEO Sam Altman met with Khaled bin Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, as the artificial intelligence lab secured arrangements for a number of sectors to use its models, the Abu Dhabi Media Office said on Monday.
While the Middle East has emerged as a key AI hub in recent years, with U.S. big tech companies signing deals to develop huge data centers in the region, ongoing conflict has tested that appeal.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
CNBC
Read the full, original unfiltered story directly on the publisher's portal.