OpenAI Seeks Up to $30 Billion at a $1.25 Trillion Valuation Ahead of IPO
OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
- Who
- OpenAI
- What
- is reportedly working on raising up to $30 billion at a $1.25 trillion pre-money valuation in a round led by Coatue and UAE investors
- Quote
The AI lab is working on raising up to $30 billion at a $1.25 trillion pre-money valuation in a round led by Coatue and investors in UAE, sources told CNBC .
What happened
OpenAI is reportedly working to raise up to $30 billion at a $1.25 trillion pre-money valuation in a round led by Coatue and investors in the UAE, rather than moving directly toward an IPO. Terms are still being negotiated and could change; CNBC also reports the UAE funding could be paired with a deal for more computing capacity. OpenAI declined to comment.
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See the full storyOpenAI Reportedly Seeks Up to $30 Billion at a $1.25 Trillion Pre-Money ValuationThe story so far
OpenAI is working to raise up to $30 billion at a $1.25 trillion pre-money valuation in a round led by Coatue and UAE investors, according to sources cited by CNBC. The proposed financing would precede an IPO, but terms remain under negotiation and could change. CNBC also reported that the UAE funding could be paired with a deal for additional computing capacity. OpenAI declined to comment.
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