U.S. MarketsIMPORTANTOctober 22 at 04:21 PM

OpenAI is raising up to USD 30bln in funding round at a USD 1.25tln valuation, led by UAE investors, according to CNBC, citing sources; OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE

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The October 22 report describes a proposed OpenAI financing led by UAE investors and Coatue, alongside UAE computing-capacity negotiations; earlier reports cited a higher potential valuation.

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Investors from the UAE and Coatue are leading the financing for OpenAI.

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OpenAI is raising up to USD 30bln in funding round at a USD 1.25tln valuation, led by UAE investors, according to CNBC, citing sources; OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE

News detail

What do investors think?

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