OpenAI reportedly seeks up to $30 billion at a $1.25 trillion valuation

OpenAI is reportedly approaching a financing deal that could bring in as much as $30 billion. People familiar with the discussions say the proposed valuation is $1.25 trillion before adding the new investment, though the amount being raised remains unsettled.

Investors from the United Arab Emirates and investment firm Coatue are said to be leading the round. OpenAI is also reportedly discussing a separate commercial arrangement with a UAE partner for additional computing capacity. Those proposed arrangements remain unconfirmed.

The talks follow a financing OpenAI announced on March 31, when it disclosed $122 billion in capital commitments and an $852 billion valuation including that investment. The proposed new round would put a substantially higher value on the business.

The latest financing is reportedly intended to precede a potential public offering. Chief Financial Officer Sarah Friar is said to have told employees that a listing would likely happen in 2027. The fundraising terms and public offering timetable remain unconfirmed.