The global AI arms race has entered a new atmosphere today, January 22, 2026, as OpenAI seeks to close the largest private funding round in history. CEO Sam Altman is currently in the United Arab Emirates for high-stakes negotiations with the nation's most powerful sovereign wealth funds, including Abu Dhabi’s MGX and the state-backed technology giant G42. The proposed $50 billion round—which could value OpenAI between $750 billion and $830 billion—is designed to finance a massive expansion of physical AI infrastructure. This capital will fund the development of specialized chips, global data centers, and the high-density computing power required for next-generation models like GPT-6 and beyond.
This historic fundraising effort follows the official launch of the "Stargate" initiative, a $100 billion joint venture between OpenAI and Microsoft to build a 5GW AI supercomputer cluster, with the UAE serving as a primary global hub. By deepening its ties with G42, OpenAI is securing not jus...
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