OpenAI Negotiates 30 Billion USD Bridge Capital at 1.25 Trillion Valuation
OpenAI is reportedly nearing the close of a massive 30 billion USD funding round positioned as a strategic bridge ahead of a planned IPO.
Artificial intelligence powerhouse OpenAI is finalizing an injection of private venture capital that could reach up to 30 billion USD. The upcoming capital infusion values the research entity at a pre-money market cap of 1.25 trillion USD, according to financial documents.
Led by investment firms Coatue and prominent backers in the United Arab Emirates, the financing operates as a liquidity bridge ahead of an initial public offering. The incoming funds could also lock in crucial server computing capacity deals within the Gulf region.
Original source
yahoo.com
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