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Story summary
- OpenAI is nearing a $30 billion funding round that could value it at $1.25 trillion.
- Coatue and investors from the United Arab Emirates are leading the financing.
- OpenAI told prospective backers it wants commitment signatures by the end of next week.
- The round is positioned as an opportunistic bridge ahead of a potential initial public offering.
- CFO Sarah Friar told employees the company aims to go public in 2027.