OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
UAE funding could come with a deal to supply OpenAI with more computing capacity.
Coatue and UAE investors would lead the proposed round, CNBC reported, with terms still under negotiation. The reported $1.25 trillion pre-money valuation differs from the $1.4 trillion figure Bloomberg reported a month earlier. OpenAI filed confidential IPO paperwork in June, following a March round that valued it at $852 billion post-money. OpenAI declined to comment.
TechCrunch AI's note
Coatue and UAE investors would lead the proposed round, CNBC reported, with terms still under negotiation. The reported $1.25 trillion pre-money valuation differs from the $1.4 trillion figure Bloomberg reported a month earlier. OpenAI filed confidential IPO paperwork in June, following a March round that valued it at $852 billion post-money. OpenAI declined to comment.
TechCrunch AI's note
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