GeneralMediumUpdated•Originally published 22 October 2026•Updated 23 October 2026•
1 min read
OpenAI Nears $30B Funding Round Led by UAE Investors
Key Facts
1OpenAI is nearing a funding round of up to $30 billion at a $1.25 trillion pre-money valuation.
2Investors from the United Arab Emirates and Coatue are leading the financing round.
OpenAI is nearing a funding round of up to $30 billion. CNBC reported that the financing is being conducted at a $1.25 trillion pre-money valuation, significantly increasing the company's capital base.
Investors from the United Arab Emirates and Coatue are leading the financing round. The company is seeking this capital to sustain its intensive AI development and infrastructure costs amid growing competition in the sector.
Latest Updates · 1
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Update: OpenAI aims to finalize its $30 billion funding round by next week (October 23, 2026). This timeline comes as the company moves to secure the capital required to support its massive infrastructure projects.