Scoop: OpenAI is closing in on a funding round of up to $30 billion at a $1.25 trillion (pre-money) valuation, led by UAE investors and Coatue Alongside the new investment, OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE, according to one person. Full @CNBC report here: https://www.cnbc.com/2026/10/22/openai-funding-round-uae-investors.html