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OpenAI reportedly negotiates a new funding round led by Coatue and UAE investors for up to $30 billion at a $1.25 trillion pre-money valuation. This move delays its planned IPO and would set a record for the most valued private company ever, surpassing its previous $852 billion post-money valuation from March.
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Summary by ByteBrief

OpenAI trims valuation target to $1.25tn after pitching higher price

OpenAI Seeks $30 Billion in Fresh Capital

Sources: OpenAI has cut its valuation target to $1.25T, down from the $1.4T valuation it pitched earlier this month, after facing resistance from some investors (Financial Times)