OpenAI nears completion of new funding round, seeks to raise up to $30 billion at a $1.25 trillion pre-money valuation.

Beating AI News Flash: According to CNBC, AI giant OpenAI is nearing the completion of a new round of financing, paving the way for a potential IPO in the future.

According to people familiar with the matter, OpenAI is seeking to raise up to $30 billion at a pre-money valuation of $1.25 trillion. The sources said investors from the UAE are co-leading the round alongside investment firm Coatue. OpenAI told investors on Thursday that it plans to complete the signing of the relevant agreements by the end of next week. However, the sources noted that the final size of the round is still being determined.

According to people familiar with the matter, OpenAI is positioning this financing as an "opportunistic bridge financing" ahead of a potential IPO. OpenAI Chief Financial Officer Sarah Friar has previously told employees that the company may go public in 2027. Meanwhile, a person familiar with the matter said OpenAI is also negotiating a commercial agreement to secure more computing resources from the UAE. (Jinshi Data APP)