OpenAI is positioning its $30 billion raise as a bridge round to fund operations while finalizing plans for an initial public offering

From the articleOpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investorsAlso in OpenAI trims valuation target to $1.25tn after pitching higher price, Report: OpenAI closing on $30B ‘bridge’ funding round to tide it over before IPO, OpenAI lowers valuation target, raises up to $30 billion