OpenAI is nearing a funding round of up to $30 billion at a $1.25 trillion valuation, as the artificial intelligence company prepares for a potential initial public offering, according to CNBC.
Investors from the United Arab Emirates and investment firm Coatue are leading the round, according to people familiar with the discussions. The reported valuation excludes the new capital, which would bring OpenAI’s total valuation to as much as $1.28 trillion.
The financing is being positioned as a bridge to a potential IPO. OpenAI told investors Thursday that it aims to secure signatures by the end of next week, although the final size of the round remains undecided.
