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OpenAI is nearing completion of a funding round led by UAE investors, valuing the company at $1.25 trillion, with a fundraising target of up to $30 billion.
OpenAI is reportedly nearing the completion of a new funding round, which would value the company at up to $1.25 trillion and raise as much as $30 billion, led by UAE investors and Coatue, CNBC reported. This funding is positioned as a transitional round ahead of a potential IPO in 2027. OpenAI is also in talks with the UAE for a commercial agreement to secure additional computing power.
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