Money · Friday 23 October 2026 · story 1
OpenAI reportedly seeks up to $30 billion at $1.25 trillion valuation
TechCrunch reports, citing CNBC, that OpenAI is seeking up to $30 billion with a $1.25 trillion pre-money valuation. It also reports that OpenAI filed confidential IPO paperwork in June after a March round gave the ChatGPT maker an $852 billion post-money valuation.
Why it matters. For teams using OpenAI, the reported round and possible UAE compute deal suggest more capital and capacity behind the ChatGPT maker before its IPO.
Read the original at techcrunch.com