OpenAI seeks $30B funding round at $1.25T valuation ahead of potential IPO

UAE investors and Coatue are reportedly leading the financing as OpenAI prepares for a potential public listing in 2027. 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.

Source: Crypto Briefing