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OpenAI Reportedly Seeks Up to $30 Billion at a $1.25 Trillion Pre-Money Valuation

1 reports 1 reporting sources 2 hours agoNew

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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.

Generated by AI from reports · Updated 1 hours ago

Latest development10/23 06:08 (UTC+8)
OpenAI Seeks Up to $30 Billion at a $1.25 Trillion Valuation Ahead of IPOTechCrunch · AI

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10/23
  1. TechCrunch · AI
    OpenAI Seeks Up to $30 Billion at a $1.25 Trillion Valuation Ahead of IPO

    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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