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06.10.26 - 22:45
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OpenAI Shops $30 Billion Round To UAE Funds, BlackRock As Altman′s ′Bad Things′ Remark Draws Bipartisan Fire (ZeroHedge)
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OpenAI Shops $30 Billion Round To UAE Funds, BlackRock As Altman's 'Bad Things' Remark Draws Bipartisan Fire
With its planned IPO on ice for the moment, OpenAI is pitching a $30 billion funding round to a group of United Arab Emirates sovereign funds led by Abu Dhabi's MGX, along with BlackRock, at a $1.4 trillion pre-money valuation, Bloomberg reported Monday. There is no lead investor, and the price was set by OpenAI rather than negotiated. Meanwhile CEO Sam Altman has sparked a firestorm in DC with comments that the world should accept "some bad things happening" for the benefits of AI.
The OpenAI round
The UAE funds are considering an investment up to $10 billion between them at that $1.4 trillion valuation - which is is 64% above the $852 billion post-money valuation of the $122 billion round in March. The figure would also place OpenAI's valuation above Anthropic, which was at $965 billion in May.
OpenAI's annualized revenue has reportedly passed $40 billion, up 70% sinc...
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06.10.26 - 14:24
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S&P 500 Nears Record High; OpenAI in $30B Funding Talks with UAE, BlackRock (Bloomberg)
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The S&P 500 is poised to move closer to its first record high since August as bonds rally and lower oil prices help ease worries over inflation. OpenAI is said to be in talks with BlackRock and multiple investment funds from the UAE to help anchor a $30 billion financing round. Henrietta Pacquement of Allspring Global Investment discusses factors driving bonds higher. (Source: Bloomberg)...
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06.10.26 - 12:54
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UAE′s Al Bannai on AI Developments (Bloomberg)
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Faisal Al Bannai, adviser to the President of the United Arab Emirates, speaks with Bloomberg's Alex Dooler at the 'AI Everything' conference in Abu Dhabi. He talks about the launch of a new model of Falcon AI that's more attuned to the Emirati dialect, as well as saying he sees some exciting start-ups in the fields of robotics, driving and security. (Source: Bloomberg)...
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06.10.26 - 12:30
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OpenAI in $30 Billion Round Talks With BlackRock, UAE Funds (Bloomberg)
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OpenAI is in talks with multiple investment funds from the United Arab Emirates to help anchor a $30 billion round of financing, according to people familiar with the matter. BlackRock is also in discussions to participate in the round. Ruhell Amin reports on Bloomberg Television. (Source: Bloomberg)...
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05.10.26 - 07:01
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Investment Firm Eurazeo Opens Abu Dhabi Office (Bloomberg)
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European asset management firm Eurazeo has opened its first Middle East office in Abu Dhabi. Mathieu Teisseire, Eurazeo, Head of Investor Relations told Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on why they decided to expand in the region despite the geopolitical tensions. (Source: Bloomberg)...
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03.10.26 - 17:36
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UAE may halt UK investments after Manchester City guilty verdict (The Guardian)
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The Premier League's actions would 'have an influence on the bilateral state relationship', Emirati officials saidThe United Arab Emirates have reportedly warned the government it could cancel big investments in the UK after Manchester City were found guilty by an independent commission.Emirati officials said “the Premier League's actions” would “have an influence on the bilateral state relationship”, according to Bloomberg. Continue reading......
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03.10.26 - 15:42
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UAE Says Omani Flydubai Co-Pilot Attacked Captain With Axe, Tried To Seize Israel-Found Jet For "Terror Act" (ZeroHedge)
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UAE Says Omani Flydubai Co-Pilot Attacked Captain With Axe, Tried To Seize Israel-Found Jet For "Terror Act"
State news agency WAM quoted UAE Attorney General Hamad Saif Al Shamsi as saying the Flydubai Omani co-pilot accused of attacking the captain with a crash axe tried to seize control of the passenger jet bound for Israel and attempted to carry out a "terrorist attack."
Planning, attempted terrorist act behind flydubai flight FZ1073 incident: Attorney-General#WamNews https://t.co/OWxoZ9nWWR pic.twitter.com/JCE3NuGppa
— WAM English (@WAMNEWS_ENG) October 3, 2026
"Investigations into the incident involving flydubai flight FZ1073 found that the co-pilot had attempted to carry out a terrorist attack," Al Shamsi said.
BREAKING:
The Omani co-pilot who stabbed Captain Smit Machchhar and tried to crash Flydubai Flight FZ1073 on its way to Tel Aviv has been identified as Hamam Al Hamami.
Netanyahu stated today that it's becoming increasingly clear after the first i...
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03.10.26 - 14:48
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Emirate: Rettungsaxt für Flydubai-Angriff genutzt (DPA-AFX)
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ABU DHABI (dpa-AFX) - Der Copilot des Flydubai-Flugs von Dubai nach Tel Aviv hat den Piloten nach emiratischen Erkenntnissen mit einer Rettungsaxt angegriffen. Wie die emiratische Nachrichtenagentur Wam unter Berufung auf die Generalstaatsanwaltschaft ......
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