OpenAI is about to complete a $30 billion funding round at a pre-money valuation of $1.25 trillion
OpenAI is about to complete a $30 billion funding round at a pre-money valuation of $1.25 trillion, co-led by Emirati investors and investment firm Coatue, with the company planning to sign by the end of next week. This round is seen as a bridge financing ahead of its IPO; OpenAI's chief financial officer previously told employees that the company may go public in 2027. People familiar with the matter also said OpenAI is simultaneously negotiating a supporting commercial agreement to secure additional computing power supply from the UAE.
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