The capital raise occurs as OpenAI delays any initial public offering until at least 2027 to prioritize funding for AI infrastructure and development. Other potential participants include Andreessen Horowitz, Thrive Capital, and the endowment for the University of California. Abu Dhabi-based MGX, which has previously invested in both OpenAI and Anthropic, raised nearly $50 billion earlier this year for AI technology investments.
Wednesday, October 21, 2026
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OpenAI Sets $1.4T Valuation for New $30B Fundraise
Startups15 days ago
Multiple investment funds from the United Arab Emirates are in talks to serve as anchor investors for a new financing round for the creator of ChatGPT. The company is requesting at least $30 billion at a fixed pre-money valuation of approximately $1.4 trillion, skipping the typical negotiation process with a lead investor. BlackRock is also in discussions to participate in the syndicate, with UAE investors potentially contributing up to $10 billion collectively.
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