OpenAI plans to raise $30 billion at a valuation of $1.25 trillion, with the United Arab Emirates as the lead investor.
OpenAI is close to completing a fundraising round of up to 30 billions USD at a pre-money valuation of 1.25 trillions USD, with lead investments from United Arab Emirates investors and Coatue. OpenAI plans to finalize the financing by the end of next week and is simultaneously negotiating a business agreement to acquire additional computing power from the UAE. This funding round is positioned as a transitional solution ahead of an IPO. The news of this fundraising comes as U.S. tech stocks fell broadly, with the “Magnificent Seven” index dropping by 2.80%.
OpenAI is nearing completion of a funding round of up to 30 billion USD, with a valuation set at 125 billion USD, jointly led by UAE investors and Coatue.
On October 22, according to CNBC citing sources, this funding round is led by UAE investors, with Coatue co-leading. The quoted valuation is pre-money, not including the newly raised funds from this round.
The report pointed out that OpenAI informed investors on Thursday that the target is to complete the fundraising by the end of next weekend, and the final raised amount is still being determined.
According to sources, as the funding proceeds, OpenAI is also simultaneously negotiating a supporting commercial agreement aiming to obtain additional computing power supply from the UAE. This arrangement is expected to provide OpenAI with substantial infrastructure support beyond the capital, further expanding the operating scale of its AI business.
This fundraising is positioned as an “opportunistic” transitional plan ahead of a potential IPO. Chief Financial Officer Sarah Friar previously told staff that OpenAI's IPO window is expected in 2027.
For investors, this fundraising offers an opportunity to lock in leading AI assets ahead of the public market, and gives OpenAI a financial buffer for transitioning to an IPO.
This fundraising comes at a time of turbulence in the technology market. On Thursday, most major US tech stocks fell, with the Wind US Tech Seven Giants Index dropping 2.80%. Meta fell nearly 7%, Amazon and Nvidia dropped more than 4%, Tesla and Google declined more than 3%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HBAR Price Eyes $0.155 as Traders Watch Key Recovery Levels
Microsoft Beats Nvidia for the First Time Since 2025: So Why Is MSFT Stock Falling?
Gunnison hits rich copper and zinc in Arizona
EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
Crypto prices
More
