OpenAI nears funding round at $1.25T valuation led by UAE investors
OpenAI is reportedly seeking a massive funding round that would value the company at $1.25 trillion. The deal involves investors from the UAE and includes negotiations for increased computing capacity.
Why it matters
This valuation reflects the extreme capital intensity and high-stakes competition in the AI industry as companies prepare for future IPOs.
OpenAI is closing in on a funding round that could value the artificial intelligence giant at more than $1 trillion ahead of a potential initial public offering .
The San Francisco-based AI company is raising up to $30 billion at a $1.25 trillion valuation, according to people familiar with the deal, who asked not to be named because the details were confidential. That valuation does not include new capital raised.
Investors from the United Arab Emirates are leading the round alongside Coatue, according to the people. The financing is being positioned as an "opportunistic" bridge ahead of a potential IPO.
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