On October 22, 2026, a report citing CNBC said OpenAI was negotiating a private funding round of up to $30 billion at a proposed $1.25 trillion pre-money valuation. The account described ongoing negotiations. It follows NeoTeo’s earlier report on DeepSeek’s higher fundraising target.
What the October report said
The report named investors from the United Arab Emirates and Coatue as leads in the proposed financing. It also described separate discussions about supplying OpenAI with additional computing capacity from the UAE.
How the proposal compares with OpenAI’s March round
OpenAI announced on March 31 that its completed round brought in $122 billion in committed capital at an $852 billion post-money valuation. The company’s announcement describes the capital as committed.
| Financing | Capital | Valuation |
| March 2026 completed round | $122 billion in committed capital | $852 billion post-money |
| October 2026 reported proposal | Up to $30 billion | $1.25 trillion pre-money |
Pre-money valuation is the company’s value before new investment; post-money valuation includes the new investment. The two figures therefore use different bases.
What the proposed valuation would imply
If the full $30 billion were invested at the proposed $1.25 trillion pre-money valuation, simple addition would yield a $1.28 trillion post-money valuation. That is a conditional calculation based on raising the full proposed maximum.
The October report also placed the $1.25 trillion figure below an earlier reported target of more than $1.4 trillion. Those were targets reported at different times, rather than a settled valuation.
