OpenAI, which sells ChatGPT workspaces to companies and AI models and agent infrastructure to developers, is asking Abu Dhabi investor MGX and BlackRock to help anchor a reported $30 billion financing. TNW, citing Bloomberg, said MGX is discussing a syndicate of UAE funds that could contribute as much as $10 billion. The proposed price is approximately $1.4 trillion before the new money, according to TNW.
The business reaches users through two main routes. Employees use ChatGPT and Codex inside paid Business and Enterprise workspaces for writing, research, data analysis and software work; developers call OpenAI’s models and tools through its API from their own products. OpenAI also offers administrative and governance controls for corporate deployments.
For developers, the offering now includes cloud-agent infrastructure as well as model access. OpenAI launched its Agents API in September so developers can specify a task, model, tools and computing environment while OpenAI runs the underlying agent harness. The product is in public beta and charges customers for the tokens and tools their agents use.
The funding target itself isn’t new: TNW said it had reported the amount and valuation last week without the prospective investors’ names. The new information is who may supply a large portion of the capital and how OpenAI is trying to set the terms. TNW said the company is presenting the valuation as fixed even though no lead investor has been selected.
Nothing has closed. OpenAI and BlackRock declined to comment to TNW, while MGX did not respond; the publication said the talks remain unsettled and the details could change. A full $10 billion UAE syndicate would cover one-third of the target, but that is a ceiling under discussion, not a commitment.
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