Archive · 6 Oct 2026
OpenAI Seeks $30 Billion Round at $1.4 Trillion Valuation
OpenAI is talking with investors about raising at least $30 billion.
The company could be valued at nearly $1.4 trillion if the proposed round proceeds at that level.
Some investors based in the United Arab Emirates are discussing investing up to $10 billion together.
MGX is among those investors, and BlackRock is also reportedly in talks.
OpenAI has reportedly spoken with some of its existing investors about joining, too.
The talks are not finished, so the details could change.
OpenAI and BlackRock declined to comment, while MGX representatives did not respond to a request.
OpenAI has said its focus on AI safety work is a reason it is pushing back plans for an initial public offering until at least next year.
The company most recently raised $122 billion in March, when it was valued at $852 billion.
OpenAI is reportedly seeking at least $30 billion in new funding at a valuation of nearly $1.4 trillion.
UAE-based investors are discussing a combined investment of up to $10 billion, with MGX among the funds involved.
BlackRock is reportedly in talks to join an investor syndicate for the round.
OpenAI has also reportedly discussed participation with the University of California's endowment, Thrive Capital and Andreessen Horowitz.
The fundraising discussions are ongoing and could change; OpenAI, BlackRock and MGX did not comment.
- Who
- OpenAI, UAE-based investment funds including MGX, and prospective investors including BlackRock.
- What
- Talks are underway for a financing round of at least $30 billion at a valuation of nearly $1.4 trillion.
- When
- The fundraising discussions are ongoing; the article also says OpenAI raised $122 billion in March.
- Where
- The discussions involve UAE-based funds, including Abu Dhabi-based MGX.
- Why
- OpenAI is seeking fresh capital; the article says leading AI companies need substantial funding to develop and support AI software.
- Target funding
- At least $30 billion
- Reported valuation
- Nearly $1.4 trillion
- Potential UAE investment
- Up to $10 billion combined
- UAE investor mentioned
- MGX, based in Abu Dhabi
- Other reported potential participants
- BlackRock, the University of California's endowment, Thrive Capital and Andreessen Horowitz
- Previous funding round
- OpenAI raised $122 billion in March at an $852 billion valuation
- Fundraising status
- Ongoing; details could change
- IPO plans
- Pushed back until at least next year at the earliest, with AI safety work cited as a focus