OpenAI is in the final stages of a new fundraising round that could total up to US$ 30 billion, equivalent to about R$ 162 billion. In this operation, investors from the United Arab Emirates and the investment manager Coatue will participate. According to information released by CNBC on Thursday (22), this move could raise the valuation of the creator of ChatGPT to US$ 1.25 trillion, which corresponds to approximately R$ 6.75 trillion, before the injection of new funds.
The company seeks to obtain the investors' signature by the end of next week, although the exact amount of the round has not yet been determined. This negotiation process is taking place while OpenAI prepares for a potential public stock offering in 2027.
In addition to capital raising, the company is negotiating a separate commercial pact with the United Arab Emirates. The objective of this agreement is to increase OpenAI's computational capacity within the country. This initiative underscores the relevance of infrastructure investments to support the development and operation of artificial intelligence (AI) systems.
The raised funds may also be used to cover OpenAI's infrastructure costs and strengthen its finances if market conditions delay the capital market opening plan. In March 2026, the company had completed a previous round of US$ 122 billion (about R$ 658.8 billion), which resulted in a valuation of US$ 852 billion (approximately R$ 4.6 trillion), already considering post-investment capital.
Since then, OpenAI has presented investors with revenue growth data linked to the expansion of its AI models and products. The company stated that it had achieved an annualized revenue of US$ 50 billion (about R$ 270 billion) after the launch of the GPT-6 Astra model, and projected to reach US$ 70 billion (approximately R$ 378 billion) by the end of the year. It is important to note that annualized revenue is a revenue projection for 12 months based on the pace observed in a specific period, and does not necessarily reflect the revenue actually recorded in a full year.
Competition with Anthropic also involves differences in how corporations record revenues derived from contracts intermediated by cloud computing providers. The current round occurs in a context of greater caution regarding the valuations of technology companies and the necessary investments to create advanced AI systems.
Stock market instability and rising interest rates have led some companies to reconsider their IPO plans. In this scenario, private fundraising can provide extra capital while OpenAI prepares for a possible stock market debut. The ongoing commercial agreement with the United Arab Emirates demonstrates that the partnership between the company and its investors can transcend mere financial participation, encompassing access to the computational infrastructure essential for expanding its activities.
However, until the round is finalized, the total amount raised, OpenAI's definitive valuation, and the terms of the agreements remain subject to change.
