Funding and debt● Neutral for Indian equities
OpenAI discusses a $30 billion funding round, with UAE funds considering up to $10 billion
The brief
- UAE funds have discussed investing as much as $10 billion altogether
- BlackRock is also in talks to invest in the round
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OpenAI revenue and fundraising plans
OpenAI’s annualized revenue is nearing $70 billion, according to Axios. The company is targeting $30 billion in new funding at a valuation of around $1.4 trillion, excluding the money raised.
Tuesday, 6 October
- OpenAI discusses a $30 billion funding round, with UAE funds considering up to $10 billion