OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
Should OpenAI command an over $1 trillion valuation with this round, it would break records as the most highly valued private company ever.
TL;DR
- OpenAI is reportedly raising up to $30 billion in a new private funding round.
- The AI lab is seeking a $1.25 trillion pre-money valuation, which would make it the most valued private company ever.
- This funding round is reportedly led by Coatue and investors in the UAE.
- The UAE funding may include a deal for additional computing capacity.
- OpenAI filed confidential IPO paperwork in June, after its March raise valued it at $852 billion.
- A $1 trillion+ valuation for OpenAI could impact the IPO plans and valuations of competitors like Anthropic.