OpenAI is working on a raise of up to $30 billion at a $1.25 trillion valuation
CNBC said Coatue and investors in the UAE are in the talks. OpenAI declined to confirm terms, which are not final.
OpenAI is working on raising up to $30 billion at a $1.25 trillion pre-money valuation in a round led by Coatue and investors in the United Arab Emirates, sources told CNBC, TechCrunch reported on Thursday. A Bloomberg report a month earlier had described a $30 billion raise at a $1.4 trillion valuation. Both outlets said terms are still being negotiated and could change. CNBC said UAE funding could be paired with a deal for more computing capacity from the UAE. OpenAI declined to comment on the figures.
From ARQS Sponsored
To put numbers behind decisions like these, ARQS provides Design Workbench, TradeHound, Website audit and Flow automation. In the ARQS Store, Wine Cellar Ledger — 1 Month Access, ARQS ContractDiff Desk, Menu Maker — 1 Month Access are among the newest tools available.