Sources: OpenAI has cut its valuation target to $1.25T, down from the $1.4T valuation it pitched earlier this month, after facing resistance from some investors (Financial Times)
AI lab floated $1.4tn price tag earlier this month, according to documents seen by the FT — OpenAI has cut its valuation target …
OpenAI has reportedly lowered its valuation target to $1.25 trillion following resistance from some investors, according to the Financial Times. This is a decrease from the $1.4 trillion valuation the company pitched earlier this month.
The AI lab is working to secure a new funding round of up to $30 billion, which CNBC reports could be led by Coatue and investors in the UAE. CNBC further reports that the UAE funding might be paired with a deal to secure additional computing capacity for the company. This round is intended to serve as a bridge to a 2027 IPO, according to CNBC.
If the round is completed at a $1.25 trillion pre-money valuation, it would make OpenAI the most valued private company ever. OpenAI declined to comment on the reports.
Brief written by urgent.news from Techmeme, TechCrunch, CNBC World, CNBC Technology, CNBC — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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