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OpenAI looks for funding amid $1.2T valuation
OpenAI is in discussions with investors regarding a new funding round valued at over $1.2 trillion, aimed at boosting its resources ahead of a potential initial public offering. This round may allow the company to delay going public for more than a year and could also support mergers and acquisitions, as its market valuation is expected to surpass the previous valuation of Anthropic, which was $965 billion. CEO Sam Altman confirmed that the company is continuing to prepare for an IPO, but it will not happen this year, with the timing to be determined based on legal, strategic, and logistical considerations.
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