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MGX Invests in OpenAI’s $6.6 Billion Funding Round
MGX, the United Arab Emirates investment firm based in Abu Dhabi, has participated in OpenAI’s latest $6.6 billion funding round. This investment places MGX alongside tech heavyweights like Microsoft, Nvidia, and SoftBank in backing one of the world’s most prominent artificial intelligence companies.
OpenAI’s Meteoric Rise OpenAI, the company behind the revolutionary ChatGPT, has seen its valuation nearly double to $157 billion in just nine months. This valuation surge reflects the tech industry’s unwavering enthusiasm for AI, despite ongoing debates about the technology’s effectiveness and safety.