OpenAI (OPAI.PVT) is looking to raise a new $30 billion funding round that would value the AI lab at $1.25 trillion. The company previously sought to raise capital at a valuation of $1.5 trillion, according to Bloomberg.
OpenAI last raised $122 billion in March, which valued the company at $852 billion.
Anthropic Rival (ANTH.PVT), meanwhile, is preparing to file its initial public offering (IPO) before the Thanksgiving holiday, with Wall Street anticipating a valuation of up to $2 trillion.
The company could publicly unveil its S-1 at any time in the coming days.
The OpenAI funding discussions come amid a widespread decline in AI stocks on Wall Street due to concerns over data center construction. Neoclouds, particularly CoreWeave (CRWV), have been at the center of the latest rout as investors question the companies’ enormous debt load.
Everything from semiconductors to hyperscaler stocks were hit, with Meta (META) falling as much as 7% on Thursday after raising the lower end of its capital spending forecast.
The Philadelphia Semiconductor Index (^SOX) is down 7% over the past 5 days.
Email Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.
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