OpenAI Nears $30 Billion Funding Round at $1.25 Trillion Valuation Ahead of 2027 IPO

OpenAI is closing in on a transformative $30 billion funding round that values the AI giant at $1.25 trillion—a significant step toward what the company has signaled could be a 2027 initial public offering. The financing, led by investors from the United Arab Emirates including Abu Dhabi's technology investment firm MGX, alongside venture firm Coatue, represents a major capital injection to fuel OpenAI's compute infrastructure and R&D ambitions even as the company prepares for public markets.