•SiTech AI Team
OpenAI seeks at least $30B at a $1.4T pre-money valuation as a bridge round instead of an IPO
OpenAI aims to raise at least $30 billion in a new round at a valuation of roughly $1.4 trillion before the new money. Bloomberg reports the round is bridge financing in place of an IPO, while Axios says annual recurring revenue is nearing $70 billion.
