OpenAI’s Altman Meets Mideast Investors for $50 Billion Round

OpenAI Chief Executive Officer Sam Altman has been meeting with top investors in the Middle East to line up funding for a new investment round that could total at least $50 billion, according to people familiar with the matter.

Altman recently visited the region, where he spoke with investors, including some of the leading state-backed funds in Abu Dhabi, said the people, who spoke on condition of anonymity as the information is not public.

The ChatGPT maker is looking to raise $50 billion or more in the round at a valuation of about $750 billion to $830 billion, the people ...