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#UAE

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OpenAI Seeks $30B Funding Round at $1.25T Valuation Ahead of Potential IPO
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OpenAI Seeks $30B Funding Round at $1.25T Valuation Ahead of Potential IPO

Key Highlights OpenAI is engaged in funding talks and negotiating a commercial deal with the UAE to secure critical computing capacity as it projects $600 billion in infrastructure spending by 2030. Following a confidential IPO filing with the US SEC in June, OpenAI Chief Financial Officer Sarah Friar signaled a target public listing in 2027, ...

Standard Chartered Launches Direct Bitcoin and Ether Trading for Wealthy UAE Clients
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Standard Chartered Launches Direct Bitcoin and Ether Trading for Wealthy UAE Clients

Key Highlights: Standard Chartered has rolled out a direct cryptocurrency trading service for affluent clients in the United Arab Emirates. Eligible professional investors can trade spot bitcoin (BTC) and ether (ETH) directly through their existing bank accounts using a closed-loop custody system. The offering operates via SC Ventures-backed Zodia Markets and has obtained regulatory licensing ...