OpenAI Seeks Up to $30 Billion in New Funding

OpenAI is trying to raise up to $30 billion from investors, TechCrunch reported October 22, 2026. Coatue and UAE-based investors are reportedly leading the round, per CNBC sources. Terms are still being negotiated and could change. OpenAI declined to comment. The $1.25 trillion figure is before new money; its March 2026 round valued it at $852 billion including that money.