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OpenAI's $1.2T Valuation Seen as Lifeline for Oracle, CoreWeave

1 min read
Source: Barron's
OpenAI's $1.2T Valuation Seen as Lifeline for Oracle, CoreWeave
Photo: Barron's
TL;DR

OpenAI is reported to be seeking funding that could value the company at over $1.2 trillion, easing concerns for Oracle and CoreWeave which have large AI data-center and cloud contracts. With OpenAI signaling a slower path to an IPO due to safety concerns, a fresh round of funding could reassure partners and sustain AI spending, supporting the stocks of Oracle and CoreWeave amid recent volatility.

Topics:businesstechnology#ai-investments#artificial-intelligence#coreweave#openai#oracle#technology
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  1. Why OpenAI’s $1.2 Trillion Valuation Can Lift Oracle, CoreWeave From AI Gloom  Barron's
  2. OpenAI investors have approached the company about a new funding round  CNBC
  3. OpenAI Considers Pre-IPO Funding Round at More Than $1.2 Trillion Valuation  WSJ
  4. OpenAI Considers New Financing at a $1.5 Trillion Valuation  The New York Times
  5. OpenAI IPO looks like a no-go: Sam Altman is discussing a new round of VC funding valuing the company at $1.2 trillion  Fortune

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