OpenAI targets $30B and reduces its valuation ahead of IPO - AI Brief
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OpenAI is preparing a funding round of up to 30 billion dollars, presented as a step toward an initial public offering. The proposed valuation has been lowered from 1.4 to 1.25 trillion dollars. At the same time, the company has filed an IPO prospectus, internally sets the horizon for 2027, while Sam Altman publicly estimates that the environment is not favorable. Anthropic is also preparing an IPO and is targeting a higher valuation. OpenAI confidentially filed an IPO prospectus with the SEC in June. In August, Chief Financial Officer Sarah Friar informed employees that OpenAI would become a publicly traded company by 2027. In September, CEO Sam Altman stated that the timing was not favorable to go public, a message he had already conveyed internally in June. Meanwhile, Anthropic is also preparing an IPO and is targeting a valuation between 1.5 and 2 trillion dollars. Strategies, movements, and AI fundraising deciphered, every evening in 5 min. Free. Included upon registration: our selection of the best AI guides & comparisons. Choose your pace Free · No spam · 1-click unsubscribe. The funding round, which could reach 30 billion dollars, is led by investors from the United Arab Emirates as well as the investment firm Coatue. OpenAI is also discussing a commercial agreement to increase its computing capacity through the United Arab Emirates. This financing is presented as a...
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