OpenAI weighs new funding round at over $1.2tn valuation ahead of IPO
OpenAI is in early talks with investors about a new funding round that could value the ChatGPT maker at more than $1.2 trillion, as the artificial intelligence company weighs additional capital ahead of a potential initial public offering (IPO). The post OpenAI weighs new funding round at over $1.2tn valuation ahead of IPO appeared first on Nairametrics .
OpenAI is engaged in preliminary discussions with potential investors regarding a possible funding round that could push the company's valuation past $1.2 trillion, as it ponders taking on additional capital prior to possibly going public. The talks, which are still in the early stages, could hinge on the timing of OpenAI's eventual IPO, according to individuals familiar with the matter.
The funding initiative was spearheaded by SoftBank, which is contributing $30 billion, alongside other prominent investors like Microsoft, Coatue, Altimeter, and Thrive. Anthropic recently secured a substantial funding round, valuing the company at around $965 billion, with a potential IPO slated for October. OpenAI is also contemplating legal constraints on the data it can share with private-market investors ahead of a potential public listing.
The company's CEO, Sam Altman, previously hinted that the company's highly anticipated IPO would not occur this year.
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