OpenAI's Altman to stop in Abu Dhabi for MGX fundraising talks
Wednesday, 5 February 2025، 10:15 PM
He will discuss raising funds with Abu Dhabi investment group MGX. Altman's Abu Dhabi stop comes at a key moment for the ChatGPT maker as established U.S. firms face a new challenge from cheaper Chinese alternative DeepSeek. The UAE, a wealthy oil producer and longtime security partner of the U.S., is in a race to become an AI leader amid rising competition from neighbouring Qatar and Saudi Arabia (Read more at Market Screener).
