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Sam Altman to visit Abu Dhabi for MGX funding: sources
Sam Altman, CEO of OpenAI, is visiting the United Arab Emirates (UAE) this week to discuss potential funding with the Abu Dhabi-based investment group MGX, according to sources familiar with the matter.
The visit occurs as OpenAI encounters competition from China’s DeepSeek, which offers a low-cost alternative to its AI technologies.
Previously, MGX participated in OpenAI’s US$6.6 billion funding round that concluded in October.
Altman’s trip follows an announcement regarding a partnership with Japan’s SoftBank, aimed at advancing AI services.
Recent OpenAI developments
| Timeline |
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04-Feb-2025 📰 OpenAI’s Altman says ‘no plans’ to sue DeepSeek
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03-Feb-2025 🤖 OpenAI, SoftBank partner to develop $3b enterprise AI platform
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03-Feb-2025 🧠 OpenAI unveils new AI agent for online research
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01-Feb-2025 🧠 OpenAI releases cheaper o3-mini model for faster performance
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31-Jan-2025 ⚠️ OpenAI employee quits, calls AI race a ‘risky gamble’
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