OpenAI plans $30bn raise at $1.25tn valuation
What happened
AI digest
OpenAI is preparing to raise up to $30bn at a pre-money valuation of $1.25tn, led by Coatue and investors from the UAE, with terms still under negotiation, according to CNBC. The report says it is another large private fundraising round ahead of an OpenAI IPO. The size, valuation and lead investors are all still being negotiated, with nothing final agreed.
Written by AI from the reports · updated 2 h ago
Timeline
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Oct 23
- TechCrunch · AISelectedOpenAI 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.
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