OpenAI reportedly seeks up to $30 billion at $1.25 trillion valuation
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In 50 words
OpenAI is reportedly working on raising up to $30 billion at a $1.25 trillion pre-money valuation, CNBC reported, citing sources. Coatue and UAE investors would lead the round, and terms are still being negotiated. OpenAI declined comment. It filed confidential IPO paperwork in June.
Why it matters
If the round values OpenAI above $1 trillion, TechCrunch says it would be the most valued private company ever and would raise the bar for its planned IPO.
What's next
Watch for confirmation of the investors, final valuation and any computing agreement. The talks do not confirm a change to IPO timing.
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Sources
- TechCrunchView original →
