OpenAI Seeks $30B at $1.25T Valuation — SkimNews
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- OpenAI is working on raising up to $30 billion at a $1.25 trillion pre-money valuation in a round led by Coatue and investors in the UAE; terms remain under negotiation, and the company declined comment.
- Bloomberg reported a month earlier that OpenAI was pursuing a $30 billion round at a $1.4 trillion valuation, so the two outlets agree on the target amount while the valuation figure differs and remains negotiable.
- UAE funding could be coupled with a deal to secure more computing capacity for OpenAI from the country, adding an infrastructure component to the proposed financing.
- OpenAI filed confidential paperwork for an IPO in June after its March raise valued the ChatGPT maker at $852 billion post-money.
- OpenAI would break the record for the most valuable private company if the round values it above $1 trillion, and the source says that price would raise the bar for its forthcoming IPO.
- Anthropic is reportedly seeking a $1.5-$2 trillion public-debut valuation after raising $65 billion at $965 billion in May and filing confidential paperwork in June; the source links OpenAI’s valuation to ramifications for that IPO.
Why it matters: OpenAI’s proposed price would exceed $1 trillion, set a private-company valuation record and raise the bar for its IPO process, which already has confidential paperwork filed. It also creates a direct comparison with Anthropic’s reported $1.5-$2 trillion public-debut range, although OpenAI’s round remains under negotiation.
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