[OpenAI in Talks with UAE Funds and BlackRock for $30 Billion Financing, Pre-Money Valuation Estimated at $1.4 Trillion] BlockBeats News, October 6, according to Bloomberg, OpenAI is in discussions with several UAE investment funds, seeking to have them act as core investors in a financing round of at least $30 billion. This includes Abu Dhabi-based MGX, with multiple UAE funds planning to form an investment consortium, potentially contributing up to $10 billion collectively. BlackRock is also in talks to participate in this round alongside the consortium. OpenAI has also engaged with existing investors, including the University of California Endowment Fund, Thrive Capital, and Andreessen Horowitz, regarding their participation. The financing is still ongoing, and the final investors and specific terms may be subject to change. OpenAI aims to raise funds at a pre-money valuation of approximately $1.4 trillion, offering this valuation as a fixed price to investors despite not yet determining a lead investor. In March of this year, OpenAI completed a $12.2 billion financing round at a post-money valuation of $852 billion. The company has postponed its IPO plans to at least next year, citing a current focus on AI safety efforts. [Original Link]