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#AI funding

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OpenAI Seeks $30B Funding Round at $1.25T Valuation Ahead of Potential IPO
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OpenAI Seeks $30B Funding Round at $1.25T Valuation Ahead of Potential IPO

Key Highlights OpenAI is engaged in funding talks and negotiating a commercial deal with the UAE to secure critical computing capacity as it projects $600 billion in infrastructure spending by 2030. Following a confidential IPO filing with the US SEC in June, OpenAI Chief Financial Officer Sarah Friar signaled a target public listing in 2027, ...

US-China AI Race Heats Up as Chinese Rivals Secure Billions Ahead of IPOs
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US-China AI Race Heats Up as Chinese Rivals Secure Billions Ahead of IPOs

Key Highlights Chinese AI firm DeepSeek is closing in on a massive funding round between $12 billion and $15 billion backed by Tencent and CATL, targeting an early 2027 IPO. Kimi chatbot maker Moonshot AI has completed its final private round at a $50 billion valuation and plans a Hong Kong public listing in Q1 ...