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OpenAI reportedly held talks for a new private fundraising round of at least $30 billion with UAE-linked funds and BlackRock

Funding Provisional 68% confidence first seen

OpenAI was reported to be in discussions with UAE funds and BlackRock to anchor a private fundraising round of at least $30 billion, reportedly using a fixed $1.4 trillion pre-money valuation. Separately, one account said OpenAI told investors its annualized revenue is below an earlier projection, which could affect timelines for plans such as an IPO.

OpenAI BlackRock IPO OpenAI investors United Arab Emirates

The deal

OpenAI at least $30 billion Other · announced 7 Oct 2026

Investors BlackRock UAE funds UAE-linked funds

Deal terms as reported in the coverage below.

Source coverage

OpenAI in talks with UAE funds and BlackRock for $30B round at a fixed $1.4T price: Report Tech Funding News independent OpenAI’s revenue is reportedly $20 billion less than previously projected TechCrunch independent

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