OpenAI Plans UAE-Led Funding Round of Up to $30 Billion

OpenAI plans to sign an agreement by Oct. 30 for a UAE-led funding round that could raise as much as $30 billion, with additional computing capacity in the United Arab Emirates included in the deal. Investors from the UAE would lead the financing, which carries a pre-money valuation of $1.25 trillion. That valuation refers to OpenAI's value before the new capital is added; the $30 billion figure is the maximum size of the proposed investment, rather than a confirmed final amount.

Source: TokenPost