OpenAI is raising up to $30 billion at a $1.25 trillion valuation, CNBC reports
OpenAI is finalizing a funding round of up to $30 billion that would value the company at $1.25 trillion before the new money, CNBC reports, citing people familiar with the deal. Investors from the United Arab Emirates and the fund Coatue are leading the round, and OpenAI wants to sign the agreements by the end of next week. The money is meant as bridge financing ahead of a possible IPO, and the company is also negotiating with the UAE for additional computing capacity.