OpenAI nears funding round valuing it at $1.25 trillion (b886ec05-f8ea-4367-b28b-1adcfd846d4c)

OpenAI is seeking up to $30 billion in a financing round led by UAE investors and Coatue, with a potential IPO described as a possible next step. The round’s final size and signing timeline remain unsettled, according to people familiar with the deal. (b886ec05-f8ea-4367-b28b-1adcfd846d4c)

• OpenAI is seeking up to $30 billion at a $1.25 trillion valuation, excluding the new capital raised. UAE investors and Coatue are leading the round, according to people familiar with the deal. (b886ec05-f8ea-4367-b28b-1adcfd846d4c)· 1 source
• OpenAI told investors it aims to secure signatures by the end of the following week, but the round’s final size was still being determined. The financing is being positioned as a bridge ahead of a potential IPO. (b886ec05-f8ea-4367-b28b-1adcfd846d4c)· 1 source
• OpenAI is also negotiating a deal for more computing capacity from the UAE. The article reports differing public signals about IPO timing: CFO Sarah Friar said the company would be public in 2027, while CEO Sam Altman said going public then would be ill-advised. (b886ec05-f8ea-4367-b28b-1adcfd846d4c)· 1 source