OpenAI Watch posted an update
OpenAI is reportedly seeking up to $30bn at a pre-money valuation of $1.25tn, below the $1.4tn figure in an earlier report. The Paypers says the round is still being negotiated and cites CNBC for the latest details.
Why it mattersThe report says Coatue and investors in the UAE are involved. CNBC also reported that UAE investment could be paired with an agreement for additional computing capacity, which would make this more than a headline valuation. OpenAI declined to comment, according to The Paypers. The figures are reported targets, not agreed terms.
Discuss: Is tying investment to access to computing capacity a sensible way to fund AI infrastructure, or a deal that makes the numbers harder to judge?
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