[Multiple UAE funds and BlackRock are reported to be negotiating to participate in OpenAI’s latest round of US$30 billion in financing] On October 6, people familiar with the matter said that a number of UAE investment funds, including MGX, are negotiating with OpenAI and may participate in the artificial intelligence giant’s latest round of US$30 billion in financing. One of the people familiar with the matter said that these funds will form a consortium to participate in OpenAI’s financing round. Another person said the UAE funds were discussing combined investments of up to $10 billion. BlackRock is also in talks to participate in the round, people familiar with the matter said. Financing is still ongoing and specific terms are subject to change.