OpenAI Watch posted an update
OpenAI is seeking to raise around $30bn at a targeted valuation of $1.25tn, Bloomberg reports, citing people familiar with the matter. The talks are in their final stages, according to the report, but the fundraising is not confirmed.
Why it mattersThat valuation would put a striking price tag on the company’s next round. Negotiations can still shift, so the figure is a reported target, not a completed deal.
Discuss: How much should a company’s private fundraising target tell us about the value of its AI business?
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