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OpenAI finance chief confirms funding talks at valuation up nearly 50%

NewsFeeds update

OpenAI's chief financial officer confirmed the company is in funding negotiations, with the valuation nearly 50% higher than in the funding round completed in March, CNBC reported.

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Read the original on Odaily

The story so far: OpenAI $30bn funding round

OpenAI was set to close a funding round of up to $30bn led by UAE investors at a $1.25tn pre-money valuation, with signing expected soon. OpenAI has now completed a new $11bn funding round at a $1.25tn valuation, according to market reports.

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  1. OpenAI seeks $30bn round before Anthropic listing, Reuters reports

  2. OpenAI said to speed up roughly $30bn raise at valuation possibly above $1.4tn

  3. OpenAI set to close funding of up to $30bn led by UAE investors

  4. OpenAI said to seek $30bn funding commitments at $1.25tn valuation

  5. OpenAI signs UAE deals on energy, investment and government technology deployment

  6. OpenAI finance chief confirms funding talks at valuation up nearly 50%

  7. OpenAI CFO Sarah Friar says data centre plans will not change after midterms

  8. OpenAI says it has closed a $11bn funding round at a $1.25tn valuation

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Every AI update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.