OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round
Investors from the UAE and Coatue lead an OpenAI funding round pitched as an “opportunistic” bridge to a stock market listing. The company wants signatures by the end of next week.
Via TNW | Investors-funding
OpenAI has lowered the valuation it is seeking for its new funding round to $1.25tn, from the $1.4tn it pitched earlier this month. Some investors had pushed back on the higher price, the Financial Times reported, citing documents it had seen.
The company is close to raising up to $30bn at that valuation, which does not include the new money, CNBC first reported on Thursday. Investors from the United Arab Emirates are leading the round with Coatue, people familiar with…
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