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OpenAI seeks $30B at $1.4T pre-money valuation

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OpenAI is in talks to raise about $30B at a valuation above $1.4T, Reuters reported, citing people familiar with the matter. OpenAI is presenting $1.4T to investors as a fixed pre-money price even though it has not settled on a lead investor, according to the report. Existing backers SoftBank Group and Abu Dhabi's MGX are in talks to join the round, one source said. UAE funds have discussed investing up to $10B between them, and BlackRock and the University of California's endowment are also in talks, per the report. No deal has been closed, and the reported valuation and investor interest come from unnamed sources rather than confirmed terms.

AI-generated from reports · 1 hours agoUpdate

Latest updatesOct 20 18:53
OpenAI Seeks $30B at $1.4T Valuation Ahead of Anthropic IPO

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Oct 20
  1. Tech Funding News
    OpenAI Seeks $30B at $1.4T Valuation Ahead of Anthropic IPO

    OpenAI is raising about $30B at a valuation above $1.4T, with SoftBank and MGX in talks to join.

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