OpenAI is set to raise $30 billion, valuing the company at $1.25 trillion pre-money.

OpenAI is set to complete a funding round of up to $30 billion, led by investors from the United Arab Emirates, valuing the company at $1.25 trillion pre-money. This agreement will provide OpenAI with increased computing power support from the UAE, and the relevant agreements are expected to be signed before the end of next week. (Source: CLS)