CNBC reports that OpenAI is working on a $30 billion round at a $1.25 trillion valuation, with Coatue and UAE-based investors said to be leading. The Financial Times says the target came down from $1.4 trillion after investor pushback. The terms are not final.
What is and is not closed
TechCrunch described the CNBC report as unconfirmed. A valuation in a news report is not a signed round and not an IPO price.
Coatue and investors based in the UAE are the names attached to the lead. That list can change while the terms are still being negotiated.
Anyone who pays for OpenAI models, or who is comparing private-market numbers. The price of ChatGPT does not change because a round is being discussed.