OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

What happened: OpenAI is reportedly working on raising up to $30 billion in a private round led by Coatue and UAE investors, rather than proceeding with an IPO. Key numbers: Up to $30 billion raise at a $1.25 trillion pre-money valuation. Prior March raise valued OpenAI at $852 billion post-money. Bloomberg earlier reported $30 billion at a $1.4 trillion valuation. Why it matters: A valuation above $1 trillion would make OpenAI the most valued private company ever and raise the bar for its forthcoming IPO. The report also cites potential ramifications for Anthropic's IPO. Coverage: 4 outlets in 24h

OpenAI is reportedly working on raising up to $30 billion in a private round led by Coatue and UAE investors, rather than proceeding with an IPO.

A valuation above $1 trillion would make OpenAI the most valued private company ever and raise the bar for its forthcoming IPO. The report also cites potential ramifications for Anthropic's IPO.