OpenAI said to seek $30bn funding commitments at $1.25tn valuation

The story so far: OpenAI $30bn funding round

OpenAI is closing a roughly $30bn funding round at a $1.25tn pre-money valuation led by UAE investors, with signing expected soon. OpenAI has now signed agreements to deploy its technology with UAE energy firms, investment institutions and government departments while seeking billions from state-backed investors.

1. 19 Oct 202623:54 UTC

   OpenAI seeks $30bn round before Anthropic listing, Reuters reports

   OpenAI is trying to close a roughly $30bn funding round unusually quickly, aiming to finish before Anthropic's expected mid-November listing, Reuters reported. SoftBank, MGX and other existing investors are in talks to join, at a valuation that could exceed $1.4tn.

   AIPANewsAINeutral

2. 20 Oct 202601:35 UTC

   OpenAI said to speed up roughly $30bn raise at valuation possibly above $1.4tn

   OpenAI is accelerating a funding round of about $30bn that could value it above $1.4tn, reportedly aiming to close before Anthropic's expected mid-November IPO. The round is not yet final and terms remain uncertain.

   AIOdailyAINeutral

3. 23 Oct 202600:15 UTC

   OpenAI set to close funding of up to $30bn led by UAE investors

   OpenAI is set to complete a funding round of up to $30bn led by investors from the UAE at a pre-money valuation of $1.25tn, with the deal to bring more computing capacity from the UAE and signing expected by the end of next week.

   AIPANewsAINeutral

4. 30 Oct 202608:34 UTC

   OpenAI said to seek $30bn funding commitments at $1.25tn valuation

   OpenAI has reportedly given potential investors until today to commit to a $30bn funding round at a $1.25tn valuation, according to a post by FUNDA on X.

   AIOdailyAINeutral

5. 2 Nov 202607:44 UTC

   OpenAI signs UAE deals on energy, investment and government technology deployment

   OpenAI has signed agreements to deploy its technology with energy firms, investment institutions and government departments in the UAE, while seeking billions of dollars in funding from state-backed investors. CEO Sam Altman met Crown Prince Sheikh Khaled bin Mohamed Al Nahyan in Abu Dhabi.

   AIChainCatcherAINeutral