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OpenAI is raising up to $30 billion at a $1.25 trillion valuation; per CNBC, UAE investors and Coatue are leading the round

Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .

OpenAI is again raising enormous sums ahead of going public, but the terms are not yet final.

According to CNBC, citing people familiar with the matter, the $1.25 trillion valuation does not include the new money, and the round is described as an "opportunistic" bridge to a possible IPO. OpenAI told investors it expects to collect signatures by the end of next week, but the final size is still being determined; in parallel it is discussing a commercial deal for additional computing capacity in the UAE. TechCrunch recalls that a month ago Bloomberg reported $30 billion at a $1.4 trillion valuation, that the previous round in March valued the company at $852 billion after the investment, and that OpenAI filed confidentially for an IPO in June. Terms are under negotiation and may change; OpenAI declined to comment.

Sources 2

cnbc.comtechcrunch.com
History

OpenAI funding round at a valuation above $1 trillion

5 events
  1. OpenAI is raising up to $30 billion at a $1.25 trillion valuation; per CNBC, UAE investors and Coatue are leading the roundOpen now
  2. OpenAI rushes to raise about $30 billion at a valuation above $1.4 trillion before Anthropic's IPO
  3. OpenAI, per Bloomberg, is in talks to raise $30 billion more at a $1.4 trillion pre-money valuation
  4. OpenAI is raising at least $30 billion at a valuation of about $1.4 trillion, Bloomberg reports
  5. Investors offer OpenAI a $1.2 trillion valuation — the company, according to media reports, wants $1.5 trillion
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