OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors — SkimNews
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- OpenAI is raising up to $30 billion at a $1.25 trillion valuation, a figure that excludes the new capital being raised.
- Coatue is leading the round alongside investors from the UAE, while the financing's final size remains undetermined.
- OpenAI told investors Thursday that it aims to secure signatures by the end of next week.
- OpenAI is positioning the financing as an “opportunistic” bridge ahead of a potential IPO, which CFO Sarah Friar has told employees is likely in 2027.
- OpenAI is negotiating a separate commercial agreement with the UAE to secure more computing capacity as it expands its AI business.
- OpenAI has confidentially filed to go public.
Why it matters: OpenAI’s proposed UAE computing agreement matters alongside the fundraising: the company is seeking capacity while UAE investors lead a round targeted for signature by the end of next week. The undetermined raise size and potential 2027 IPO show that the bridge to public markets remains unfinished.
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