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Update

What changed

OpenAI has told investors it aims to secure signatures on its reported funding round by the end of next week, CNBC says. The final size is still being determined, and the reported $1.25tn valuation excludes the new capital being raised.

CNBC also reports that OpenAI’s chief financial officer, Sarah Friar, has told employees an OpenAI listing will likely come in 2027. That is a reported expectation, not a confirmed IPO timetable.

Separately, OpenAI is negotiating a commercial deal that could secure more computing capacity from the UAE, according to one person cited by CNBC. If completed, it would connect the fundraising story to a practical question for the AI business: where it will find the computing power to expand.

Sources and evidence

• OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors – CNBC: CNBC reports that OpenAI aims to secure signatures on its funding round by the end of next week; the final size remains unsettled, the stated pre-money valuation excludes new capital, CFO Sarah Friar has told employees a listing will likely come in 2027, and OpenAI is negotiating a deal that could secure additional computing capacity from the UAE.

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