On October 22, OpenAI is close to securing a funding round of up to $30 billion, with a pre-investment valuation of $1.25 trillion, jointly led by UAE investors and Coatue. This funding round is seen as a transitional arrangement ahead of a potential IPO, with OpenAI planning to finalize the funding agreement by the end of next week and is currently negotiating a commercial agreement with the UAE to secure additional computational support.
