OpenAI working on new $30B raise at $1.25T valuation ahead of IPO | TechCrunch
The short version
OpenAI is aiming to raise up to $30 billion at a $1.25 trillion valuation before its IPO, potentially setting a record for private company valuations.
Key takeaways
- OpenAI seeks funding ahead of its planned IPO.
- The valuation could surpass $1 trillion, a record.
- Coatue and UAE investors are leading the funding round.
- Negotiations for terms are still ongoing.
Overall sentiment
PositiveThe article presents an ambitious funding goal and potential record-setting valuation, indicating strong market interest.
AI classification of the article’s tone. Coverage focuses on OpenAI's funding news and potential IPO-related valuation.
Sources cited by the article
- sources told CNBC ↗
- a month ago ↗
- filed confidential paperwork ↗
- $852 billion post-money ↗
- $65 billion at a $965 billion valuation ↗
- OpenAI ↗
- Startups ↗
- Terms ↗
- Dominic-Madori Davis ↗
These references were linked or listed by the publisher, then selected for relevance. They are distinct from our original-source citation.