OpenAI is reportedly in discussions to commit as much as $1.5 billion to a new joint venture with private equity firms, according to the Financial Times citing people familiar with the matter. The plan would include an initial $500 million equity contribution, signaling how the AI leader may expand funding and partnerships beyond traditional tech channels.
The UAE is considering loosening tax residency rules for expatriates who left during the Iran conflict, a move aimed at helping them retain tax status. Rather than blanket exemptions, authorities are reportedly weighing case-by-case relaxation of minimum stay requirements, according to Financial Times.
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