OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
OpenAI is reportedly negotiating a massive private funding round of up to $30 billion that would value the company at roughly $1.25 trillion, potentially setting a record as the most valuable private firm. The deal, led by Coatue and UAE investors, could also include additional computing capacity, while the company delays an IPO it filed paperwork for in June.