OpenAI lowered its price tag to $1.25 trillion to close a new round.
OpenAI is close to raising up to $30 billion at a $1.25 trillion valuation, CNBC reported on Thursday. A month ago it sought $1.4 trillion, but some investors pushed back, the Financial Times said. Coatue and UAE investors lead the round, and terms could still change.
Why it mattersEven the lower figure would make OpenAI the most valuable private company ever. It also sets the bar for the expected stock market debuts of OpenAI and Anthropic.
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