A report published October 5 described OpenAI as being in talks over a proposed $30 billion funding round. UAE funds were discussing a possible combined contribution of up to $10 billion, and BlackRock was reportedly considering participation alongside them.
The investors discussed
The UAE funds, including Abu Dhabi-based MGX, were reportedly discussing a syndicate and up to $10 billion in combined investment. BlackRock was also reportedly in discussions to participate alongside the UAE group.
OpenAI's reported valuation
The reported valuation sought for OpenAI was about $1.4 trillion.
Earlier September coverage described preliminary investor conversations around a possible valuation above $1.2 trillion, without naming a funding target. Read the earlier coverage.
