Market Chatter: OpenAI Nears $30 Billion Funding Round at $1.25 Trillion Valuation

07:56 PM EDT, 10/22/2026 (MT Newswires) -- OpenAI is nearing a funding round of up to $30 billion at a $1.25 trillion valuation, with investors from the United Arab Emirates and Coatue leading the investment, CNBC reported Thursday, citing people familiar with the matter. The company told investors Thursday it aims to secure signatures by the end of next week, though the final size of the round remains undecided. The financing is being positioned as a bridge ahead of a potential initial public offering. OpenAI is also negotiating a commercial agreement to secure additional computing capacity from the UAE. The company has said it is targeting about $600 billion in total computing spending by 2030. OpenAI did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)