OpenAI Seeks $30B Funding from BlackRock and UAE Funds at $1.4T Valuation

Key Facts

1OpenAI is pitching a $30 billion funding round to UAE sovereign funds and BlackRock at a $1.4 trillion valuation.

2UAE funds led by Abu Dhabi's MGX are considering an investment of up to $10 billion.

3OpenAI's annualized revenue has reportedly surpassed $40 billion, up 70% since July.

OpenAI is pitching a $30 billion funding round to BlackRock and UAE sovereign funds at a valuation of $1.4 trillion. Bloomberg reported that UAE funds led by Abu Dhabi's MGX are considering an investment of up to $10 billion as part of the capital raise.

The funding push follows reports from Fortune that OpenAI's annualized revenue has surpassed $40 billion, marking a 70% increase since July. In equity markets, BlackRock (BLK) closed at $1066.45 on October 5, 2026, as the firm explores participation in the round to support OpenAI's massive compute and data center requirements while IPO plans remain on hold until at least after 2026.