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

Summary

OpenAI is close to finalizing a funding round of up to $30 billion at a $1.25 trillion valuation, according to people familiar with the deal. Investors from the United Arab Emirates are leading the round alongside Coatue, and the financing is positioned as a bridge ahead of a potential IPO. OpenAI is also negotiating a commercial deal for more computing capacity from the UAE.

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