As the AI arms race intensifies, OpenAI has once again unveiled an astonishing funding plan. According to AIbase, CEO Sam Altman of OpenAI has been frequently traveling to the Middle East recently, engaging in in-depth discussions with top investors, including several state-backed sovereign funds in Abu Dhabi. It is reported that the current fundraising round for OpenAI is expected to reach at least $50 billion, possibly even more, directly pushing its market valuation to an incredible range of $750 billion to $830 billion.

Although OpenAI is not yet profitable, its future investments are nothing short of epic. According to AIbase, in order to support expensive AI chip development, large-scale data center construction, and recruitment of top talent, OpenAI has committed to investing over $140 billion in infrastructure over the next few years. In the face of such a massive capital demand, seeking support from financially strong Middle Eastern sovereign wealth funds has become a crucial step for Altman to realize his grand technological vision.

Currently, this large-scale funding negotiation is still in its early stages. According to AIbase, OpenAI is not only seeking funding from the Middle East; it was previously reported that it also contacted Amazon to raise at least $10 billion. With competitors like Google and Anthropic increasingly closing in, OpenAI clearly aims to establish an absolute leading position in technology iteration and infrastructure competition through this unprecedented funding round.

Key Points:

  • 💰 Unprecedented Funding Scale: OpenAI plans to raise at least $50 billion, with the company's valuation potentially reaching as high as $830 billion.

  • 🌍 Targeting Middle Eastern Wealth Funds: CEO Altman has recently met intensively with investors such as Abu Dhabi's sovereign funds, aiming to secure financial support for long-term AI infrastructure development.

  • 🏗️ Huge Infrastructure Investment: OpenAI has committed to investing over $140 billion in areas such as chips and data centers in the coming years to cope with increasingly fierce industry competition.