OpenAI seeks $30B raise at $1.25T valuation, sources say

OpenAI is reportedly close to raising up to $30 billion at a $1.25 trillion pre‑money valuation in a round led by Coatue and UAE investors; terms are still being negotiated and the funding could be paired with additional UAE computing capacity. The round would set a record for the most‑valued private company and follows OpenAI's confidential IPO filing in June.