OpenAI is reportedly raising up to $30 billion at a $1.25 trillion pre-money valuation, led by Coatue and UAE investors, according to CNBC. That's up from $852 billion in March and would make it the most valuable private company ever. OpenAI filed confidential IPO paperwork in June, but it is raising privately first. Terms are still being negotiated.
Is a trillion-dollar private AI company a sign of the future or of a bubble? Would you buy OpenAI at IPO?
2