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AI & Enterprise

OpenAI nears up to $30 billion fundraising led by UAE at $1.25 trillion valuation

OpenAI has entered the final stages of raising up to $30 billion in funding based on a valuation of $1.25 trillion, in a round positioned as bridge financing ahead of a potential initial public offering. CNBC reported, citing people familiar with the deal, that OpenAI\'s valuation is expected to exceed $1 trillion. UAE investors are leading the round, with Coatue also expected to participate, though the final amount has not been set.

AI & Enterprise

OpenAI revenue disclosure sends Nvidia, Oracle, CoreWeave AI stocks lower

Shares of AI-related companies including Nvidia, Oracle and CoreWeave fell after OpenAI’s actual revenue scale was confirmed to be lower than numbers previously circulating in the market. CNBC reported that OpenAI told investors its annualised revenue run rate was about $50 billion as of late September, below a widely spread $68 billion figure. OpenAI also presented growth metrics and noted pressures tied to valuation, IPO planning and fundraising discussions.

AI & Enterprise

King Charles III warns AI could threaten lives if not controlled

Britain\'s King Charles III met AI industry leaders in Scotland and urged them to use artificial intelligence for humanity while developing controls. He described AI\'s rapid progress as both exciting and deeply worrying, warning it could develop darker capabilities and even take lives if misused. The meeting discussed whether companies and governments could set shared guiding principles, but produced no binding agreement.