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OpenAI reportedly seeks $30B at $1.25T valuation
Original title: OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
- Date
- Company
- OpenAI
- Type
- Business
- Source
- TechCrunchRead the source (opens in a new tab)
Plain language
- What it is
- OpenAI is reportedly working on raising up to $30 billion in a new private funding round before its planned initial public offering. This round could value the company at $1.25 trillion.
- How it works
- The funding round is reportedly being led by Coatue and investors in the UAE. The terms are still being negotiated and could change.
- Where it is available
- Not stated in the source.
- Example
- Not stated in the source.
For developers
- What it is
- OpenAI is reportedly negotiating a private funding round of up to $30 billion at a pre-money valuation of $1.25 trillion. This round would precede its initial public offering.
- How it works
- The round is led by Coatue and UAE investors. The deal with UAE investors may also include securing additional computing capacity for OpenAI.
- Where it is available
- Not stated in the source.
- Example
- Not stated in the source.
The original post
The headline and explanation on this page are based on TechCrunch's post. The full details are in the original.
OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
Read the source (opens in a new tab)