OpenAI Funding Round
OpenAI Seeks $30 Billion in New Funding at $1.4 Trillion Valuation
Anonymous
Key Points
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MGX and BlackRock already jointly operate a $30 billion AI infrastructure investment vehicle with Microsoft and Nvidia, a connection that provides context for their possible participation in OpenAI’s round.
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MGX raised close to $50 billion this year and has stakes in OpenAI, Anthropic and xAI. It is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, with Mubadala and G42 as founding partners.
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The European Union’s AI gigafactory programme also carries a €30 billion headline figure, but the article says only about €1 billion in public funding had actually been committed.
OpenAI is seeking at least $30 billion in new funding at a valuation of roughly $1.4 trillion, according to Yahoo Finance. Abu Dhabi-based MGX and other UAE investors are discussing a joint contribution of up to $10 billion, while BlackRock and University of California's endowment are also in talks to participate.
The fundraising round remains unsettled, with OpenAI presenting its valuation as fixed and without a lead investor, The Next Web reported. The company has pushed back its initial public offering to at least next year as it prioritizes AI safety work.}
UAE Investors Position Themselves as Key Backers
MGX, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, has positioned itself as a major player in AI funding. Bloomberg Law reported the Abu Dhabi fund is discussing up to $10 billion for OpenAI's round. MGX raised close to $50 billion this year and already holds stakes in OpenAI, Anthropic, and xAI.
The UAE investor operates within a broader network of AI infrastructure deals. MGX and BlackRock already jointly manage a $30 billion AI infrastructure investment vehicle alongside Microsoft and Nvidia, giving both firms existing experience with OpenAI-adjacent investments.
BlackRock and Existing Investors Exploring Participation
BlackRock is in active talks to invest in the round, The Next Web confirmed. Existing investors including Thrive Capital and Andreessen Horowitz have also discussed participating. The University of California endowment is another potential backer in discussions.
OpenAI's approach differs from typical venture rounds. Rather than seeking a lead investor to anchor the deal, the company is presenting a fixed $1.4 trillion valuation and allowing investors to decide their commitment level. This structure gives OpenAI leverage but leaves the round's completion uncertain.}
IPO Delayed as OpenAI Focuses on AI Safety
OpenAI has postponed its initial public offering until at least 2025, bgov reported. The company is directing resources toward AI safety initiatives rather than near-term public market preparations. This timeline gives OpenAI flexibility to stabilize funding privately before facing public markets.
The delayed IPO contrasts with peer companies like Anthropic, which remains private and well-funded. OpenAI's $30 billion raise would rank among the largest private funding rounds ever, reinforcing its position as the dominant generative AI player despite facing increased competition.
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