OpenAI's Sam Altman Looks To Raise Funds From Abu Dhabi's MGX Amid Increased Competition: Report

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OpenAI's Sam Altman Looks To Raise Funds From Abu Dhabi's MGX Amid Increased Competition: Report - Benzinga

Quick Summary:

Sam Altman, CEO of OpenAI, is reportedly set to visit the United Arab Emirates this week to engage in fundraising discussions with Abu Dhabi-based investment firm MGX.

What Happened: Altman's visit has been confirmed by two sources, as per a report by Reuters.

This visit comes at a pivotal time for OpenAI as it faces competition from China’s DeepSeek, a more affordable AI alternative.