OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

OpenAI is reportedly close to securing another massive private funding round of up to $30 billion at a $1.25 trillion pre-money valuation, led by Coatue and investors from the UAE, according to CNBC. This follows a Bloomberg report a month earlier that said OpenAI was seeking $30 billion at a $1.4 trillion valuation, and terms are still being negotiated. The UAE funding could also come with a deal to secure more computing capacity for OpenAI from the UAE. If the round values OpenAI above $1 trillion, it would become the most valuable private company ever and raise expectations for its forthcoming IPO. OpenAI filed confidential IPO paperwork in June, after a March raise valued it at $852 billion post-money. The high valuation could also affect Anthropic's expected IPO, with reports suggesting Anthropic is seeking a $1.5 trillion to $2 trillion valuation for its public debut.

(Source：TechCrunch)