OpenAI valuation news: $30B raise at $1.25T ahead of IPO
Reports say OpenAI is negotiating up to $30 billion in private funding led by Coatue and UAE investors, a deal that could value the ChatGPT maker above $1 trillion.
OpenAI is reportedly working on raising up to $30 billion in private funding at a $1.25 trillion pre-money valuation.
The round is reportedly led by Coatue, with investors from the UAE; the UAE money could be linked to more computing capacity.
An earlier report put the target at a $1.4 trillion valuation, and terms are still being negotiated, so figures could change.
OpenAI's March funding valued it at $852 billion post-money, and it filed confidential IPO paperwork in June.