OpenAI seeks $30B funding at $1.4T valuation with UAE, BlackRock: Bloomberg
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OpenAI is seeking at least $30 billion in a round priced at about a $1.4 trillion pre-money valuation. The round has drawn discussions involving BlackRock and UAE investors, including MGX, with UAE participants weighing a combined contribution of up to $10 billion.
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Users and customers of AI services will notice that OpenAI is still looking for a very large funding round, with BlackRock and UAE-linked investors in discussion. That leaves the company’s financing plans visible in the market today, while the specific outcome of those talks is still not settled.
In practice, the public details now point to a funding process built around a $30 billion target and a roughly $1.4 trillion pre-money valuation, rather than a completed transaction. The basic objective of raising capital remains the same, but the financing is still framed as a round that is being discussed rather than one that has closed. (per cryptobriefing.com)
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