OpenAI is pitching a $30 billion funding round to a group of United Arab Emirates sovereign funds led by Abu Dhabi’s MGX, along with BlackRock, at a $1.4 trillion pre-money valuation, Bloomberg reported Monday.
The ChatGPT maker’s planned initial public offering is pushed back until at least 2027, according to the report [1][2]. OpenAI has not publicly confirmed the round; the reported figures come from Bloomberg, Fortune, the Financial Times, The Wall Street Journal and Semafor.
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