- OpenAI has entered final-stage talks to raise up to $30B from investors including UAE-linked backers and Coatue, cutting its target valuation from an earlier-reported $1.4T to $1.25T.
- The round is framed as a pre-IPO "bridge," with OpenAI reportedly aiming to close the deal within the next week.
Why it matters: The scale of AI model providers' fundraising and their IPO readiness directly shapes the assumptions behind enterprise AI investment and partner selection, which can affect business-side procurement and contracting plans.