AI: OpenAI is aiming for a lower valuation of $1.25 trillion
The US company wants to raise fresh capital. The valuation is supposed to be $150 billion lower than last negotiated.
San Francisco - OpenAI, the creator of ChatGPT, is aiming for a valuation of $1.25 trillion in the final stage of negotiations for a new funding round, according to Bloomberg citing informed sources. The company intends to raise around $30 billion. The discussed valuation had previously been $1.4 trillion, which was lowered by $150 billion.
The talks are still ongoing, and details could change, it was further reported. CNBC had also previously reported on the $1.25 trillion valuation. OpenAI raised $122 billion in March in a round that included a valuation of $852 billion including the new capital. Coatue Management is the potential co-lead of the new round, while OpenAI is reportedly also negotiating with several funds from the United Arab Emirates and other investors, including BlackRock.
OpenAI itself has not commented. Coatue did not respond to a request for comment. The investors' pledges are expected to be finalized by the end of next week.
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