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A private funding round, which is when a company raises money by selling ownership stakes to select investors before its shares trade publicly, could value OpenAI at $1.2 trillion.
Sam Altman's artificial intelligence start-up is weighing the raise ahead of a stock market listing, looking to capitalize on demand for its technology following recent model launches.
The $1.2 trillion figure is a valuation, not a revenue or profit number. In plain terms, it represents what investors would collectively agree the company is worth today in exchange for their capital.
Whether OpenAI's actual business performance justifies that number is the open question any deal would need to answer. The funding round would come before an IPO.
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