OpenAI reportedly negotiating up to $30B raise at $1.25T pre-money valuation ahead of IPO
OpenAI is reportedly working on a private funding round of up to $30 billion at a $1.25 trillion pre-money valuation, led by Coatue and investors in the UAE, according to sources cited by CNBC. An earlier Bloomberg report put the figure at $1.4 trillion, and terms are still under negotiation. The UAE funding may be paired with a deal to secure more computing capacity for OpenAI from the UAE. OpenAI filed confidential IPO paperwork in June, after its March raise valued it at $852 billion post-money. Anthropic, which raised $65 billion at a $965 billion valuation in May and also filed confidentially in June, is reportedly seeking a $1.5 to $2 trillion valuation for its public debut. This is business and funding news with no direct security threat.
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OpenAI reportedly negotiating up to $30B raise at $1.25T pre-money valuation ahead of IPO
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OpenAI is reportedly working on a private funding round of up to $30 billion at a $1.25 trillion pre-money valuation, led by Coatue and investors in the UAE, according to sources cited by CNBC. An earlier Bloomberg report put the figure at $1.4 trillion, and terms are still under negotiation. The UAE funding may be paired with a deal to secure more computing capacity for OpenAI from the UAE. OpenAI filed confidential IPO paperwork in June, after its March raise valued it at $852 billion post-money. Anthropic, which raised $65 billion at a $965 billion valuation in May and also filed confidentially in June, is reportedly seeking a $1.5 to $2 trillion valuation for its public debut. This is business and funding news with no direct security threat.