OpenAI nears 30 billion dollar funding round at trillion dollar valuation

OpenAI is nearing the completion of a funding round that could raise up to 30 billion dollars, according to reports from CNBC Tech and The Information. The deal values the San Francisco-based artificial intelligence company at 1.25 trillion dollars before accounting for the new capital. Investors from the United Arab Emirates and New York-based investment firm Coatue Management are leading the investment round. [1][2][5]

The Information reported that OpenAI aims to close the 30 billion dollar transaction before the end of next week. CNBC Tech reported that sources familiar with the matter stated the funding is intended to serve as a bridge to a planned initial public offering for the company in 2027. [1][2]

The company is an American artificial intelligence public benefit corporation led by Chief Executive Officer Sam Altman. OpenAI develops frontier generative artificial intelligence models, including its generative pre-trained transformer series of large language models. [5]

CNBC Tech noted that the investment details remain confidential as the company prepares for its potential public listing. [2]