OpenAI is nearing completion of a funding round of up to $30 billion, with a pre-money valuation of $1.25 trillion
People familiar with the matter said OpenAI has told investors it plans to complete the signing of the financing agreement by the end of next week, with this round raising up to $30 billion at a pre-money valuation of $1.25 trillion, a valuation that does not yet include the new funding. This round is positioned as an opportunistic financing ahead of an IPO; OpenAI has confidentially filed for an IPO, and the chief financial officer previously told employees that the company may go public in 2027. OpenAI is also negotiating a commercial agreement with the UAE side to obtain more computing resources.
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Beyond the funding size and pre-money valuation, the original text also explains the positioning of the pre-IPO financing and the computing power negotiations, making OpenAI's current capital and resource layout clear.
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People familiar with the matter said the $1.25 trillion valuation does not yet include the new funding from this round. OpenAI told investors on Thursday that it plans to complete the signing of the financing agreement by the end of next week, but the final size of the funding is still being determined.
This funding round is positioned as an opportunistic raise ahead of an IPO. OpenAI Chief Financial Officer Sarah Friar previously told employees that the company could go public in 2027. OpenAI has now confidentially filed for an IPO.
Meanwhile, OpenAI is also negotiating a commercial agreement with the United Arab Emirates to secure more computing resources. As its AI business continues to expand, this agreement is expected to help the company further scale up its computing supply.
The funding comes as volatility in the tech stock market intensifies. The market has recently grown increasingly concerned about the debt risks of AI infrastructure companies such as CoreWeave, and rising interest rates have also raised investor doubts about the future financing environment. At the same time, another AI company, Anthropic, is also expected to launch an IPO, and its listing performance will further test investors' willingness to invest in the AI industry.