On October 6, 2026, Bloomberg reported OpenAI was in talks to raise at least $30 billion at a roughly $1.4 trillion valuation, with MGX anchoring up to $10 billion, after the company pushed back its IPO plans. The raise has since been repriced: up to $30 billion at a $1.25 trillion pre-money valuation, led by UAE investors and Coatue, with signatures wanted by the end of the week. Morgan Stanley's private wealth clients showed weak demand at the $1.4 trillion pitch, CO2 Management is in talks to co-lead alongside UAE entities, and Microsoft and NVIDIA did not participate. The discussion has moved to revenue: the Financial Times reported $50 billion annualized this year, not $70 billion, and the higher figure…