OpenAI Targets $30 Billion in New Funding at $1.4 Trillion Valuation, Led by UAE Investment Consortium
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OpenAI is in advanced talks with Abu Dhabi-based MGX and BlackRock to secure $30 billion in fresh capital at a $1.4 trillion valuation, marking a striking 64% increase from the company's $852 billion valuation just seven months earlier. The funding round represents one of the largest capital raises in AI history and signals sustained investor confidence in frontier AI despite mounting infrastructure costs and cash burn concerns.
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