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Nov 2, 2026

OpenAI CEO Sam Altman signs energy and investment deals in UAE

OpenAI signed deals to deploy its technology across energy companies, investment firms and government agencies in the United Arab Emirates, deepening ties as it seeks billions in funding from the region.

Nov 2, 2026·2 sources

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Top claims

▪Mubadala, Inception42, and OpenAI signed an agreement to apply advanced AI capabilities to investment analysis, opportunity identification, and risk assessment
▪Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan emphasized Abu Dhabi's goal to become the world's first fully AI-native government by integrating AI across public services and economic sectors
▪Abu Dhabi National Oil Co. stated that OpenAI agents will continuously forecast crude oil supply, demand, prices, and margins to predict operational and market impacts

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AI agents OpenAI Business & enterprise AI AI investment AI applications

Related entities

United Arab Emirates Abu Dhabi