Report: OpenAI closing on $30B ‘bridge’ funding round to tide it over before IPO
Artificial intelligence leader OpenAI Group PBC might have plans to go public in the near future, but it isn’t done with private funding rounds. Indeed, it’s currently believed to be negotiating with investors an additional $30 billion investment that would bring its valuation to a staggering $1.25 trillion, which would make it the most valuable […] The post Report: OpenAI closing on $30B…
OpenAI Group PBC, a leader in artificial intelligence, is believed to be negotiating a $30 billion investment to close a $30 billion bridge funding round ahead of its initial public offering (IPO). The company, valued at $1.25 trillion, would become the most valuable private company in the world. According to CNBC, the UAE is leading the new round, with Coatue expected to participate.
OpenAI sees this as an opportunistic bridge to continue investing while finalizing its IPO plans. The UAE investors approached OpenAI last month about a major funding round, and CNBC reports that these discussions are nearing completion. OpenAI previously raised $122 billion in March, but has since changed its plans, with CFO Sarah Friar stating the company will be public in 2027 and CEO Sam Altman saying it would be "ill-advised" to go public this year.
The new investment comes as rival Anthropic is preparing for its own IPO, reportedly seeking a valuation of $1.5 trillion to $2.5 trillion. OpenAI is also discussing a separate commercial deal with the UAE investors that would grant it more compute capacity in the Middle East.
Written by urgent.news from SiliconANGLE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- OpenAI shifts value to US$1.25 trillion as funding talks finalise businesstimes.com.sg
- OpenAI shifts value to US$1.25 trillion as funding talks finalise straitstimes.com
