OpenAI is close to finalizing a new funding round that is meant to be a bridge to its 2027 IPO, sources familiar with the matter tell CNBC.
OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Trump asked Musk to lift Starlink slowdown, WSJ reports
Elon Musk, a critic of Ukrainian President Volodymyr Zelenskyy, had ordered the slowdown of SpaceX's Starlink, The Wall Street Journal previously reported.
CNBC
Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.
CNBC
Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
Disney is airing the Super Bowl on ABC, ESPN, Disney+, ESPN2, ESPNU, and NFL Network, to the chagrin of local station affiliates.
CNBC
Trump defends Ramaswamy ad with Acton's estranged mom after bipartisan criticism
Ohio Gov. Mike DeWine said GOP gubernatorial nominee Vivek Ramaswamy should remove the ad featuring the mother of Democratic nominee Amy Acton.
CNBC
Lawsuit accuses Trump of illegally profiting off foreign crypto deals
"We're suing to stop the corruption and to force President Trump to return the profits to American taxpayers," attorney Matt Pelikan told CNBC.
CNBC
CoreWeave’s market confidence erodes as bond yields spike and stock sinks
CoreWeave shares are down 36% in October, and the spreads in its credit default swaps are widening.