OpenAI reportedly in talks to raise $30B at $1.4T valuation
AI company OpenAI is reportedly in discussions with investors to raise at least $30 billion in a pre-IPO funding round. The round would value the company at approximately $1.4 trillion.
OpenAI is reportedly in discussions with investors to secure at least $30 billion in a funding round that would value the artificial intelligence company at approximately $1.4 trillion. Bloomberg reported the news on Tuesday.
Investors are showing significant interest in further funding the ChatGPT maker ahead of its anticipated public market debut next year. While competitor Anthropic briefly outpaced OpenAI earlier this year, the company's strategic refocus on key areas like coding has reportedly fueled a 70% jump in run-rate revenue since July, reaching $40 billion in August.
The company previously raised $122 billion in March at an $852 billion valuation. That funding round was intended to be its last private raise before an IPO, which had been expected to occur this year. However, CEO Sam Altman has recently stated that a public debut will not take place in 2026, as the company prioritizes AI safety.
"I think it is unacceptable to be taking like a 10% chance of killing everybody by the end of the decade," Altman recently told Fortune, in response to warnings from safety researchers about AI posing an existential risk to humanity.
If the new funding round materializes, it would serve as a bridge round to the IPO, according to Bloomberg. OpenAI did not respond to requests for comment.