OpenAI reportedly nearing $30B raise at $1.25T valuation

OpenAI is reportedly close to raising $30B at a $1.25T valuation. That’s $150B less than the number they were seeking just a month ago, but Jason says “I think they’ve actually right-sized the valuation.” A year ago, hype pushed the big AI companies’ value to more than 100x revenue. Now, that multiple is far lower, and the businesses are still growing fast. Would you consider buying OpenAI shares at that valuation, and then holding it for 10 years? Plus: SpaceX wants to be a major cell carrier, Meta will pay Zuck’s billionaire tax for him, and who watches the AI watchdogs? @jason, @lons, @finkd, $SPCX, $META 0:00 Jason’s in SF with the LAUNCH Accelerator 37 cohort 3:27 Plaud: If your work depends on conversations - interviews, meetings, calls - you need a Plaud NotePin S. You can check…

OpenAI is reportedly seeking around $30 billion in fresh funding at a $1.25 trillion valuation, down from the $1.4 trillion figure previously discussed. Bloomberg says the talks are still ongoing.

OpenAI trimmed its valuation target to $1.25T after investor pushback. What does that signal? 🗳️ Healthy price discipline 🗳️ AI valuations are peaking 🗳️ Bridge round before IPO is the real story 🗳️ Still absurdly high, nothing has changed Cast your vote in The Information Polls app, then see what the rest of the tech industry thinks. Vote: