News

SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time ...
Abu Dhabi-based MGX is considering plans to raise as much as $25 billion in third-party capital as the investment group looks ...
Sources told the New York Times today that Dragoneer led the deal. The asset manager, which reportedly made a $2.3 billion ...
OpenAI has unveiled gpt-oss-120b and gpt-oss-20b, its first open-weight models in over four years, since gpt-2. The move ...
Anthropic is in line to double its valuation to over $150 billion following reports of talks with Middle East investors.
ChatGPT reaches 700 million weekly users as OpenAI prepares to launch GPT-5 with integrated reasoning capabilities in August ...
OpenAI has secured $8.3 billion in new capital as part of its ongoing $40 billion fundraising effort, CNBC reported, citing a ...
According to a report from Bloomberg, the purchase is the result of efforts by SoftBank to involve Foxconn in the $500 ...
Arabian Gulf Business Insight on MSN8d

Abu Dhabi’s MGX in talks to fund French AI startup

French AI startup Mistral is reportedly planning to secure $1 billion from Abu Dhabi’s technology investment company MGX as well as other venture capital funds. The company, which is based in Paris, ...
Microsoft and OpenAI are in advanced talks regarding a deal to give Microsoft ongoing access to the AI startup's technology.
Anthropic is looking to raise up to $5 billion at a $170 billion valuation in a funding round led by Iconiq Capital.
Company executives are weighing raising money from financial and strategic investors in Abu Dhabi and beyond, but Mubadala ...