OpenAI is close to completing a new round of financing
2 day ago / Read about 0 minute
Author:小编   

On October 23, according to CNBC, OpenAI, a leader in the artificial intelligence sector, is nearing the completion of a new round of financing in preparation for a potential future IPO. It is reported that OpenAI plans to raise up to $30 billion at a pre-investment valuation of $1.25 trillion. This round of financing is co-led by UAE investors and investment firm Coatue. OpenAI informed investors on Thursday that the company plans to finalize the signing of the financing agreement by the end of next week, although the final funding amount has not yet been determined. This financing is positioned as an 'opportunistic bridge financing' ahead of a potential IPO. OpenAI's Chief Financial Officer, Sarah Friar, has previously disclosed to employees that the company may go public in 2027. Additionally, OpenAI is also negotiating a commercial agreement to secure more computing power resources from the UAE.