United States · Business news · AI & Tech · 06 Oct 2026
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Bloomberg News, as relayed by Investing.com, reports that OpenAI is negotiating with several United Arab Emirates investment funds, including Abu Dhabi's MGX, to anchor a funding round of $30 billion. The UAE funds have discussed putting in up to $10 billion between them as a syndicate, and BlackRock is also in talks to take part. OpenAI is seeking a valuation of about $1.4 trillion. The talks are continuing and the terms could change. The company has pushed its plans for a stock-market listing to 2027 at the earliest.
The finance angle is the price: about $1.4 trillion, against the $852 billion at which OpenAI raised $122 billion in March, a rise of roughly 64% in seven months while the company stays private. The $30 billion would be paid by Gulf sovereign-backed funds and asset managers and spent largely on computing capacity, which is revenue for chip and cloud suppliers. MGX, which raised close to $50 billion this year for AI infrastructure, has backed both OpenAI and Anthropic. With a listing delayed to at least 2027, private rounds remain the way the company funds itself, and the valuation becomes the reference for other AI developers raising money. None of it is confirmed by the parties.
Reported by Investing.com via Yahoo Finance — “OpenAI in talks with UAE funds to anchor $30 bln funding round - Bloomberg” ↗ on 06 Oct 2026.
Official series on 06 Oct 2026 or the last day before it, and the latest observation.
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