OpenAI repotedly in talks to raise $30B round at $1.4T valuation

OpenAI is reportedly negotiating with investors to raise at least $30 billion in a pre-IPO funding round at an approximately $1.4 trillion valuation, according to a Bloomberg report. Investors are eager to fund the ChatGPT maker ahead of its expected public market debut next year. Despite Anthropic briefly outpacing OpenAI earlier in the year, a strategic refocus on key areas like coding has driven a 70% surge in run-rate revenue since July, reaching $40 billion in August. OpenAI previously raised $122 billion in March at an $852 billion valuation, which was meant to be its final private round before an IPO originally expected this year. However, CEO Sam Altman has ruled out a 2026 public debut, citing AI safety as his priority, stating he finds it "unacceptable to be taking like a 10% chance of killing everybody by the end of the decade." The new round would serve as a bridge to the eventual IPO.

(Source：TechCrunch)