OpenAI signs energy, investment and government deals in Abu Dhabi during $20B round
Overview
OpenAI has signed agreements with ADNOC, G42, Mubadala, Inception42 and the Abu Dhabi Government while seeking a $20 billion funding round, according to the Abu Dhabi Media Office and CNBC. ADNOC and G42 signed to deploy OpenAI's frontier technology, and Mubadala and Inception42 signed to apply advanced AI to investment analysis.
The Abu Dhabi Government announced an initiative with OpenAI to translate government policies and regulations into machine-readable form. Inception42 and OpenAI also signed a five-year agreement to enable adoption of frontier AI across government, enterprise and education. CNBC reports the $20 billion round is co-led by UAE investors, and that Sam Altman met Khaled bin Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi, during the visit.
Written by AI from the articles below · updated Nov 2, 6:37 AM ET
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- CNBC · TechnologyNewsOpenAI signs energy, government and investment deals in Abu Dhabi as Sam Altman visits
AIOpenAI has signed deals across energy, investment and government in the UAE as it seeks investors for a $20 billion funding round. Altman met Khaled bin Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi, and ADNOC, G42, Mubadala and Inception42 signed agreements with OpenAI, according to the Abu Dhabi Media Office. OpenAI is currently seeking the $20 billion round, co-led by UAE investors, CNBC reported.
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