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TSX:MGX 14 June 2026

Altman Backs Out of Abu Dhabi Trip Amid New Pressure on OpenAI’s UAE Stargate Plans

Altman Backs Out of Abu Dhabi Trip Amid New Pressure on OpenAI’s UAE Stargate Plans

OpenAI CEO Sam Altman scrapped a planned trip to Abu Dhabi, Semafor reported, citing a source with direct knowledge. Altman was supposed to visit the UAE capital this weekend. The news puts more focus on OpenAI’s Gulf ties as the company works on capital plans and the region faces security questions. The reason for the cancellation isn’t clear. OpenAI and Mubadala did not respond to Semafor’s request for comment. G42 also declined to comment. Semafor reports the planned visit was supposed to feature meetings with execs from Mubadala, Abu Dhabi’s G42, AI investment fund MGX, and ADNOC. MGX is already on OpenAI’s investor list, putting the UAE among OpenAI’s top backers for funding and infrastructure as it adds capacity for its AI models.
14 June 2026
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Stock Market Today

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