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OpenAI is close to completing a funding round of up to $30 billion, co-led by UAE investors and Coatue, at a pre-money valuation of $1.25 trillion. Earlier reports said OpenAI planned to raise about $30 billion from investors, with the valuation potentially exceeding $1.4 trillion, with SoftBank Group and MGX participating; later reports said the round would be up to $30 billion at a pre-money valuation of $1.25 trillion, a valuation that does not yet include the new funding. OpenAI has told investors it aims to have signatures by the end of next week, with the final size still being determined, while it is also negotiating a commercial agreement with the UAE side to secure more computing resources.
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Latest development · Report
Anthropic's IPO Is Imminent; Silicon Valley VCs Are Forced to Expand for Massive FinancingDevelopments
2 confirmed developments
OpenAI is about to complete a funding round of up to $30 billion
Source:Phoenix Technology- Source:China.com Technology
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Oct 23
Newcomer news long-form articleFirst-party
Anthropic's IPO Is Imminent; Silicon Valley VCs Are Forced to Expand for Massive Financing
Newcomer reports that Anthropic's upcoming S-1 will show its equity structure is dominated by corporate investors and large late-stage funds; Menlo Ventures, Lightspeed, ICONIQ and other VCs have expanded new funds, pushed LP co-investment and widely sold SPVs to assemble large checks. The article also mentions that OpenAI is negotiating a $30 billion financing at a $1.25 trillion valuation, and analyzes that the large-fund model relies on a small number of large institutional LPs, while the M&A market is weighed down by high interest rates and unicorn exit channels are limited, which may constrain the room for capital concentration.
SiliconANGLE
AI investment is polarizing: a financing boom coexists with concerns over data center spending
AI investment is showing polarization: companies such as OpenAI, DeepSeek, Legora, and Otter.ai continued to secure large funding this week, with OpenAI nearing completion of a $30 billion bridge financing and DeepSeek reportedly raising $15 billion; however, Meta plans to issue additional shares to expand data centers, raising concerns about excessive spending, and AI stocks such as SpaceX and CoreWeave fell sharply on Thursday. Next week, earnings reports from Amazon, Alphabet, Microsoft, and Intel, as well as Anthropic's IPO, will further test market sentiment.
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Jiwei.com
OpenAI plans to raise up to $30 billion, with a pre-money valuation of $1.25 trillion
According to CNBC, OpenAI is about to complete a funding round of up to $30 billion, with a pre-money valuation of $1.25 trillion, co-led by UAE investors and Coatue, positioned as a bridge ahead of a potential IPO. OpenAI told investors the goal is to secure signatures before the end of next week, and the final size is still being determined. OpenAI confidentially submitted a prospectus to the SEC in June; CFO Sarah Friar told employees in August that the company would become a public company in 2027, while CEO Sam Altman said the following month that going public now is not a wise time.
Jiwei.comRelated discussion
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Zhidx
OpenAI plans to raise up to $30 billion more before IPO, valuation target lowered to $1.25 trillion
OpenAI plans to complete another funding round of up to $30 billion before its IPO, with a pre-money target valuation of $1.25 trillion, a $150 billion reduction from the approximately $1.4 trillion disclosed in September; this round is co-led by Coatue and UAE investors. OpenAI is also discussing a commercial agreement with the UAE side to obtain more local compute resources, and the funding and compute partnership may proceed in parallel. Specific terms are still under negotiation, and the final size and valuation may both change; OpenAI has not commented.
Rohan PaulRelated discussion
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Cailian Press
OpenAI is about to complete a $30 billion funding round at a pre-money valuation of $1.25 trillion
OpenAI is about to complete a $30 billion funding round at a pre-money valuation of $1.25 trillion, co-led by Emirati investors and investment firm Coatue, with the company planning to sign by the end of next week. This round is seen as a bridge financing ahead of its IPO; OpenAI's chief financial officer previously told employees that the company may go public in 2027. People familiar with the matter also said OpenAI is simultaneously negotiating a supporting commercial agreement to secure additional computing power supply from the UAE.
TMTPost · AGI
Edge AI Daily Morning Brief: Meta Spending Surges, OpenAI Valuation Cut, and NVIDIA AI Factories
Meta's third-quarter revenue was $64.6 billion, up 26% year over year, but quarterly capital expenditure of $34.91 billion exceeded operating cash flow, free cash flow was -$2.12 billion, and the stock fell nearly 7% after the earnings report while the Nasdaq index fell 2.8%. OpenAI is raising up to $30 billion at a pre-money valuation of $1.25 trillion, a reduction of more than 10% from its previous asking price of about $1.4 trillion. At GTC in Berlin, NVIDIA unveiled the modular AI factory reference design DSX POD, compressing on-site deployment time from about 6 months to as fast as 14 days.
cnBetaSelected
OpenAI is nearing completion of a funding round of up to $30 billion, with a pre-money valuation of $1.25 trillion
People familiar with the matter said OpenAI has told investors it plans to complete the signing of the financing agreement by the end of next week, with this round raising up to $30 billion at a pre-money valuation of $1.25 trillion, a valuation that does not yet include the new funding. This round is positioned as an opportunistic financing ahead of an IPO; OpenAI has confidentially filed for an IPO, and the chief financial officer previously told employees that the company may go public in 2027. OpenAI is also negotiating a commercial agreement with the UAE side to obtain more computing resources.
Phoenix TechnologySelected
OpenAI plans to raise up to $30 billion, with a pre-money valuation of $1.25 trillion
OpenAI is about to complete a funding round of up to $30 billion, with a pre-money valuation of $1.25 trillion, co-led by UAE investors and Coatue, positioned as a bridge ahead of a potential IPO. OpenAI told investors on Thursday that it aims to secure signatures before the end of next week, with the final size still being determined, while also negotiating a commercial agreement to obtain more computing power from the UAE. OpenAI confidentially submitted a prospectus to the SEC in June; CFO Sarah Friar said in August that the company would become a public company in 2027, while CEO Altman said the following month that going public now is not a wise timing.
Oct 20
China.com Technology
OpenAI plans to raise $30 billion, targeting a $1.4 trillion valuation
According to Reuters citing people familiar with the matter, OpenAI is accelerating its fundraising and plans to raise about $30 billion from investors, with its valuation expected to exceed $1.4 trillion, with SoftBank Group and MGX participating. OpenAI is pitching investors on $50 billion in annualized revenue and expects annualized revenue to reach $70 billion by year-end as the GPT-6 Astra model launches. The fundraising process is intended to lock in subscription commitments before Anthropic's expected mid-November IPO; OpenAI's valuation reached $852 billion after raising $122 billion in March this year.
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