OpenAI is nearing completion of a new round of financing On October 23rd, according to CNBC, artificial intelligence giant OpenAI is nearing completion of a new round of funding, paving the way for a possible IPO in the future. According to insiders, OpenAI is seeking to raise up to $30 billion with a pre investment valuation of $1.25 trillion. According to informed sources, investors from the United Arab Emirates are co leading this round of financing with investment firm Coatue. OpenAI announced to investors on Thursday that the company plans to complete the signing of relevant agreements by the end of next week. However, insiders pointed out that the final size of this round of financing is still being determined. According to insiders, OpenAI has positioned this financing as an "opportunity type bridge financing" before a potential IPO. OpenAI's Chief Financial Officer Sarah Friar has previously informed employees that the company may go public in 2027. Meanwhile, a source familiar with the matter revealed that OpenAI is still in negotiations for a commercial agreement to acquire more computing power resources from the United Arab Emirates.