Nick - AI Spotlight News @aispotlightnews - Twitter Profile

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Nick - AI Spotlight News

@AiSpotlightNews

about 1 year ago

Interested in the Web3 or AI community? Comment below to connect with other Web3/AI users and join the journey!

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AiSpotlightNews retweeted

Nick - AI Spotlight News

@AiSpotlightNews

about 2 hours ago

🚨 OpenAI is reportedly close to raising up to $30B at a $1.25 trillion valuation. Per CNBC, investors from the UAE and Coatue are leading the round, and Abu Dhabi's MGX is reportedly discussing up to $10B of it. OpenAI wants commitments locked in by the end of next week. Valuation: $1.25T pre-money is about 47% higher than the $852B it was valued at after its $122B raise in March. Below target: Reuters reported earlier this week that OpenAI was seeking more than $1.4T. It's not clear why the number came down. IPO bridge: CNBC calls this an opportunistic round ahead of a potential IPO. CFO Sarah Friar has reportedly told employees a listing could come in 2027. Compute: OpenAI is also negotiating a separate deal for more computing capacity in the UAE.

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Nick - AI Spotlight News

@AiSpotlightNews

about 2 hours ago

Why it matters: this is a big step up from March, but a step down from what OpenAI was pitching just days ago. Meanwhile Anthropic's IPO is expected in November, and Reuters reports it's seeking up to $2T, which would value it above OpenAI. The catch: nothing is final. The round size is still being negotiated, and the numbers come from people familiar with the talks, not from OpenAI. https://t.co/Qg31BsYO7D

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Nick - AI Spotlight News

@AiSpotlightNews

about 2 hours ago

🚨 OpenAI is reportedly close to raising up to $30B at a $1.25 trillion valuation. Per CNBC, investors from the UAE and Coatue are leading the round, and Abu Dhabi's MGX is reportedly discussing up to $10B of it. OpenAI wants commitments locked in by the end of next week. Valuation: $1.25T pre-money is about 47% higher than the $852B it was valued at after its $122B raise in March. Below target: Reuters reported earlier this week that OpenAI was seeking more than $1.4T. It's not clear why the number came down. IPO bridge: CNBC calls this an opportunistic round ahead of a potential IPO. CFO Sarah Friar has reportedly told employees a listing could come in 2027. Compute: OpenAI is also negotiating a separate deal for more computing capacity in the UAE.

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