OpenAI seeks $30B at $1.25T valuation before IPO

openai is working on a new funding round of up to $30 billion at a $1.25 trillion pre-money valuation. the round is led by coatue and investors in the uae, with terms still being negotiated. this valuation would make openai the most valued private company ever, surpassing its previous valuation of $852 billion post-money in march. openai filed confidential paperwork for an ipo in june. the high valuation could also impact anthropics ipo plans, with reports suggesting anthropic is seeking a $1.5 to $2 trillion valuation for its public debut.