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Source TechCrunch · Published · Open the original ↗

Markets

OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

Should OpenAI command an over $1 trillion valuation with this round, it would break records as the most highly valued private company ever.

OpenAI is reportedly close to securing another mega round of private funding, rather than plowing ahead with an IPO. The AI lab is working on raising up to $30 billion at a $1.25 trillion pre-money valuation in a round led by Coatue and investors in UAE, sources told CNBC .

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