STARTUP GIANT
OpenAI surges to $500 billion valuation in share sale backed by Abu Dhabi
Mubadala and G42-backed UAE tech company MGX was among the group of investors who bought $6.6 billion worth of stock from employees
Kyle Grillot/Bloomberg via Getty Images
Sam Altman, CEO of OpenAI.
Add The Circuit on GoogleOpenAI has vaulted past Elon Musk’s SpaceX to become the world’s biggest startup after a share sale to investors including Abu Dhabi firm MGX valued the artificial intelligence giant at $500 billion.
Mubadala and G42-backed MGX, Thrive Capital,...
