TechCrunch · AI· Julie Bort·· 8d agoSelected
OpenAI in talks for $30 billion raise at $1.25 trillion valuation ahead of IPO
Original source: TechCrunch · AIRead original
AI brief
OpenAI is negotiating a private funding round of up to $30 billion at a $1.25 trillion pre-money valuation, sources say. This would set a new record as the highest valuation ever for a private company. The round is led by Coatue and UAE investors, and may include a deal for additional computing capacity from the UAE.
Why it matters
A valuation above $1 trillion would make OpenAI the most valued private company in history, setting a new benchmark for its upcoming IPO and impacting the broader AI market valuation landscape.
Source: TechCrunch · AI · techcrunch.com