OpenAI is preparing a funding round that could reach $30 billion, based on a $1.25 trillion valuation before the new capital is included. Investors from the United Arab Emirates are leading the round alongside Coatue, and the company is seeking signatures by the end of next week. The financing is being positioned as an opportunistic bridge ahead of a potential initial public offering, which CFO Sarah Friar has indicated is likely to happen in 2027. OpenAI is also negotiating a commercial agreement with the UAE to secure additional computing capacity amid market uncertainty over tech financing and rising interest rates. The company has confidentially filed to go public.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
