Multiple UAE funds and BlackRock are reportedly in talks to participate in OpenAI's latest $30 billion funding round.

People familiar with the matter said several UAE investment funds, including MGX, are in talks with OpenAI and may participate in the AI giant's latest $30 billion funding round. One of the people said the funds would form a consortium to take part in the round. Another person said the UAE funds have discussed a combined investment of up to $10 billion. BlackRock is also in talks to join the round, the people said. The fundraising is still ongoing and the terms may change. The people requested anonymity because the information is not public.