Key facts
- OpenAI is reportedly seeking to raise up to $30 billion.
- The reported pre-money valuation is $1.25 trillion.
- Coatue and UAE investors are reportedly leading the round.
- A deal for additional computing capacity from the UAE is also being discussed.
- OpenAI filed confidential IPO paperwork in June.
OpenAI is reportedly nearing a significant private funding round, aiming to raise up to $30 billion at a $1.25 trillion pre-money valuation. Sources indicate that Coatue and investors from the UAE are leading the effort. This potential deal follows earlier reports of a $30 billion raise at a $1.4 trillion valuation, with terms still under negotiation. The UAE involvement may also include securing additional computing capacity for OpenAI. The company, which filed confidential IPO paperwork in June, was valued at $852 billion post-money after its March funding round. This valuation would make OpenAI the most valued private company ever and sets a higher bar for its eventual IPO. The reports also cast a shadow on Anthropic's IPO prospects, with rumors suggesting it could seek a $1.5 to $2 trillion valuation for its public debut.