OpenAI reportedly in talks to raise $30B round at $1.4T valuation
OpenAI is reportedly in talks to raise $30 billion in a new funding round that would value the company at $1.4 trillion. This move serves as a bridge to a future IPO, as the company prioritizes AI safety research over an immediate public market debut.
Why it matters
As a leader in generative AI, OpenAI's valuation and funding strategies set benchmarks for the entire technology sector and influence global AI development trajectories.
OpenAI is in talks with investors to raise at least $30 billion in a pre-IPO funding round at a valuation of roughly $1.4 trillion, Bloomberg reported on Tuesday.
Investors are eager to pour more funds into the ChatGPT maker ahead of its anticipated public market debut next year. While Anthropic momentarily outpaced OpenAI at the start of the year, recent strategic refocus on key areas like coding has fueled a 70% jump in run-rate revenue since July, reaching $40 billion in August, according to the report.
The company previously raised $122 billion in March at an $852 billion valuation. That funding round was supposed to be its last private raise before an IPO, which had been, until recently, expected to take place this year. However, CEO Sam Altman has now ruled out a public debut in 2026 to prioritize AI safety first.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in