OpenAI is negotiating a funding round of up to $30 billion, led by Coatue and investors from the United Arab Emirates, at a pre-money valuation of $1.25 trillion. The valuation is $150 billion, or about 11%, lower than the one sought three weeks earlier, while the post-money valuation could reach $1.28 trillion. The company has told investors about roughly $600 billion in computing spending through 2030 amid a market concerned about infrastructure expenditure in artificial intelligence. Meta shares fell nearly 7% after the company raised its investment budget, while Anthropic could file its initial public offering prospectus and target a valuation of $1.5 trillion to $2 trillion.
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