OpenAI is nearing a funding round that could raise up to $30 billion at a $1.25 trillion valuation, as investors from the United Arab Emirates and investment firm Coatue lead a financing effort ahead of a potential stock market debut.
The proposed deal would value the San Francisco-based artificial intelligence company at $1.25 trillion before including the new investment, according to people familiar with the negotiations cited by CNBC. If OpenAI raises the full amount on those terms, its valuation after the financing would reach approximately $1.28 trillion.
