6:17 PM ET · Oct 22

OpenAI nears up to $30 billion round at $1.25 trillion valuation, led by UAE investors and Coatue

OpenAI is close to finalizing a funding round of up to $30 billion at a $1.25 trillion pre-money valuation, led by Coatue and investors from the UAE, CNBC reports, pitched as a bridge to a planned 2027 IPO. The Financial Times reports OpenAI trimmed its price after some investors resisted the $1.4 trillion valuation it floated earlier this month. Terms are still being negotiated, and the UAE money could be paired with a deal for more computing capacity. OpenAI was last valued at $852 billion in March.

Source: CNBC

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OpenAI trims valuation target to $1.25tn after pitching higher price
— Financial Times (@FT) Oct 22, 2026

Sources: OpenAI nears an up to $30B round led by investors from the UAE and Coatue at a $1.25T pre-money valuation, as an "opportunistic" bridge ahead of an IPO (@kr00ney / CNBC) (Visit Techmeme dot com for the link and full context!)
— Techmeme (@Techmeme) Oct 22, 2026

OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors. OpenAI's valuation in this new round would exceed Anthropic's last private valuation. However, Anthropic is aiming for a significantly higher valuation in its IPO.
— Chubby♨️ (@kimmonismus) Oct 22, 2026

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OpenAI nears up to $30 billion round at $1.25 trillion valuation, led by UAE investors and Coatue

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