Why OpenAI Lowered Its Valuation Before a Possible 2027 IPO
Photo: CoinCentral
TLDR OpenAI is close to closing a round of up to $30 billion at a $1.25 trillion pre-money valuation. Investors from the United Arab Emirates and Coatue are leading the deal. The valuation is down from a previously reported $1.4 trillion, according to the Financial Times. OpenAI is also negotiating a deal for more computing capacity from the UAE. The company filed confidentially for an IPO in June, and its CFO says it will be public in 2027. OpenAI is close to finalizing a funding round of up to $30 billion.
Source: CoinCentral
