OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
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OpenAI is reportedly in advanced negotiations to raise up to $30 billion in a new private funding round, aiming for a pre-money valuation of $1.25 trillion. This effort comes as the company prepares for an initial public offering, having previously filed confidential IPO paperwork in June. The current deal is being led by Coatue and includes potential investments from UAE-based investors, which may also involve securing additional computing capacity. If successful, this valuation would surpass OpenAI's previous $852 billion post-money valuation from March and establish it as the most valuable private company in history. The high stakes of this round could significantly impact Anthropic’s upcoming IPO, with rumors suggesting Anthropic seeks a valuation between $1.5 and $2 trillion. Both companies have been actively preparing for public markets, with Anthropic also filing confidential documents earlier this year. While terms are still being finalized, reports indicate that these figures may change before the deals are closed.
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