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OpenAI in talks for $30 billion funding round at $1.4 trillion valuation

OpenAI is in talks with United Arab Emirates investment funds and BlackRock to anchor a financing round of at least $30 billion at an estimated $1.4 trillion pre-money valuation, Bloomberg reported.

OpenAI logo featuring the black spiral emblem alongside the text OpenAI on a white background.
Image: @wallstengine

OpenAI is in talks with several United Arab Emirates investment funds, including Abu Dhabi-based MGX, to help anchor a financing round of at least $30 billion, Bloomberg reported. UAE investors have discussed contributing as much as $10 billion collectively, while BlackRock is also in discussions to participate alongside the syndicate.[1][2][4][5]

The company is presenting prospective investors with a fixed pre-money valuation of about $1.4 trillion rather than negotiating terms through a traditional lead-investor process. Existing backers Thrive Capital and Andreessen Horowitz have held talks about participating, and OpenAI has also engaged with the University of California's endowment.[3][5]

The large capital push arrives as OpenAI pushes potential initial public offering plans back until at least 2027 while securing funds for artificial intelligence development and infrastructure. MGX previously backed both OpenAI and competitor Anthropic, and raised nearly $50 billion earlier this year to deploy into AI tech and infrastructure.[5]

Key facts

  • OpenAI is in discussions to raise a funding round of at least $30 billion, according to Bloomberg.
  • UAE funds including Abu Dhabi-based MGX are discussing contributing up to $10 billion collectively toward the round.
  • BlackRock is in discussions to join the syndicate alongside UAE investors.
  • OpenAI is pitching investors on a fixed pre-money valuation of about $1.4 trillion rather than using a standard lead-investor negotiation.
  • Existing backers Andreessen Horowitz and Thrive Capital, as well as the University of California's endowment, have held talks regarding the round.
  • The fundraising coincides with OpenAI pushing potential IPO plans until at least 2027 while raising money for AI development and infrastructure.
  • MGX previously backed OpenAI and Anthropic and raised nearly $50 billion earlier this year for AI infrastructure and technology investments.

Sources · 5 sources

  1. BL

    Bloomberg@businessPost on X ·

    OpenAI is in talks with UAE investment funds, including Abu Dhabi-based MGX, to help anchor a $30 billion funding round, people familiar with the matter said https://t.co/5W2xwb7qZy

    Open source
  2. EV

    Evan@StockMKTNewzPost on X ·

    OpenAI is in talks with multiple investment funds from the United Arab Emirates to help anchor a $30 billion round of financing for the company - Bloomberg

    Open source
  3. CB

    Crypto BriefingArticle ·

    OpenAI seeks $30B funding at $1.4T valuation with UAE, BlackRock: Bloomberg OpenAI's potential funding boost signals increased market confidence, potentially paving the way for a significant IPO and enhanced financial stability. The post OpenAI seeks $30B funding at $1.4T valuation with UAE, BlackRock: Bloomberg appeared first on Crypto Briefing .

    Open source
  4. AG

    AGTP@AGTPinsightsPost on X ·

    BREAKING: OpenAI is in talks with UAE funds including MGX and BlackRock to anchor a $30 billion financing round, with the UAE funds discussing up to $10 billion in total. https://t.co/bTvF7U3TbT

    Open source
  5. WS

    Wall St Engine@wallstenginePost on X ·

    OPENAI IN TALKS WITH UAE FUNDS, BLACKROCK FOR $30B FUNDING ROUND AT ~$1.4T VALUATION: BBG OpenAI is in talks with several UAE investment funds, including Abu Dhabi-based MGX, to help anchor a new financing round of at least $30B. UAE investors have discussed contributing as much as $10B collectively, while BlackRock $BLK is also in discussions to participate alongside the syndicate. Existing backers Thrive Capital and Andreessen Horowitz have discussed investing, while OpenAI has also held talks with the University of California’s endowment. The company is presenting investors with a fixed ~$1.4T pre-money valuation rather than negotiating the valuation through a traditional lead-investor process. The fundraising comes as OpenAI pushes potential IPO plans until at least 2027 while continuing to raise large amounts of capital to fund AI development and infrastructure. MGX has previously invested in both OpenAI and Anthropic and earlier this year raised nearly $50B to invest across AI infrastructure and technology. Source: Bloomberg

    Open source