MGX

Recently, news broke that MGX, the UAE's state-owned investment firm, is considering participating in a multi-billion dollar funding round for OpenAI. According to the Wall Street Journal, MGX has yet to determine the exact size of its investment, while OpenAI is looking to reach $6.5 billion in funding and boost the company's valuation to $150 billion. The funding plan is backed by, among others, venture capital firm Thrive Capital, and it's possible that Microsoft could also be involved - after all, since 2019, Microsoft has invested $1...