OpenAI nearing up-to-$30B funding round led by UAE investors and Coatue
CNBC reports OpenAI is closing in on a funding round of up to $30 billion led by investors from the United Arab Emirates and Coatue, with a reported pre-money valuation of $1.25 trillion. The round is being framed as a bridge to a potential IPO; OpenAI has confidentially filed a prospectus with the SEC, is negotiating UAE-backed compute capacity, and has internal comments from CFO Sarah Friar and CEO Sam Altman indicating differing public-timing signals.