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OpenAI Seeks $30 Billion From UAE Funds and BlackRock at a $1.4 Trillion Valuation
Read this in the Market Flux appOpenAI is in talks to raise at least $30 billion in a new funding round at a fixed pre-money valuation of approximately $1.4 trillion, according to Bloomberg. The company is presenting that valuation to investors rather than negotiating it through a traditional lead-investor process, a departure from standard fundraising practice.
Several UAE investment funds, including Abu Dhabi-based MGX, are in discussions to collectively contribute as much as $10 billion and help anchor the round. BlackRock is also in talks to participate alongside that syndicate. Existing backers Thrive Capital and Andreessen Horowitz have discussed investing again, and OpenAI has held talks with the University of California's endowment as well.
The raise serves as a bridge as OpenAI pushes any IPO plans to at least 2027, continuing to rely on large private capital infusions to fund AI development and infrastructure. MGX, which has previously invested in both OpenAI and Anthropic, raised nearly $50 billion earlier this year to deploy across AI infrastructure and technology, making it a natural anchor for the round.
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Sources
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- BloombergOpenAI in Talks With UAE Funds, BlackRock for $30 Billion Round
- FinancialjuiceOpenAI has held funding talks with Thrive, Andreessen Horowitz; in talks with UAE funds, BlackRock for $30 billion round.
- WallstengineOPENAI IN TALKS WITH UAE FUNDS, BLACKROCK FOR $30B FUNDING ROUND AT ~$1.4T VALUATION: BBG OpenAI is in talks with several UAE investment funds, including Abu Dhabi-based MGX, to help anchor a new financing round of at least $30B. UAE investors have discussed contributing as much as $10B collectively, while BlackRock $BLK is also in discussions to participate alongside the syndicate. Existing backers Thrive Capital and Andreessen Horowitz have discussed investing, while OpenAI has also held talks with the University of California’s endowment. The company is presenting investors with a fixed ~$1.4T pre-money valuation rather than negotiating the valuation through a traditional lead-investor process. The fundraising comes as OpenAI pushes potential IPO plans until at least 2027 while continuing to raise large amounts of capital to fund AI development and infrastructure. MGX has previously invested in both OpenAI and Anthropic and earlier this year raised nearly $50B to invest across AI infrastructure and technology. Source: Bloomberg
- Crypto BriefingOpenAI seeks $30B funding at $1.4T valuation with UAE, BlackRock: Bloomberg
- BusinessOpenAI is in talks with UAE investment funds, including Abu Dhabi-based MGX, to help anchor a $30 billion funding round, people familiar with the matter said