OpenAI Seeks $90B Valuation Despite Turbulence in Middle East Fundraising

OpenAI is seeking to sell shares at a $90B valuation in a tender offer expected to close Oct. 21, with demand coming from Middle East investors

However, US investors appear hesitant on OpenAI's high valuation, and recent attacks in Israel could complicate new Gulf fundraising

Attendance at Saudi Arabia's Future Investment Initiative conference later this month is now uncertain given the geopolitics

Some feel they have little choice but to still seek Middle East money given falling tech valuations in the US

While violence may dampen deals short-term, some believe business will resume as usual given the allure of money