OpenAI closing $30B round at up to $1.25T valuation

· Tech · United States · United Arab Emirates

OpenAI is aiming to close a $30 billion fundraising round before the end of next week that would value the company at up to $1.25 trillion, excluding the new investment, according to people familiar with the deal. New York-based investment firm Coatue Management and investors from the UAE are reported to be leading or participating in the round. If the valuation holds above $1 trillion, the ChatGPT maker would become the most highly valued private company ever. The raise comes ahead of a planned IPO for the AI developer, whose costs for models, compute and data centers have climbed sharply. The result will set a new benchmark for how investors price the largest AI labs and shape the capital available to rivals.

Why it matters：The round would set a new ceiling for private AI valuations and determine how much capital the leading AI lab can deploy against rivals in models, compute and data centers.

Key points

  • The round is targeted to close before the end of next week.
  • Coatue Management and UAE investors are named as leading backers.
  • The valuation excludes the new investment itself.

Sources (original reporting)

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