Key facts
- OpenAI is reportedly seeking $30 billion in a new funding round.
- The funding round could value OpenAI at $1.4 trillion.
- This valuation would be approximately 64% higher than its March valuation.
- OpenAI's March funding round valued the company at $852 billion.
- The company is now targeting a public market debut in 2027 at the earliest.
- Rival Anthropic is planning an IPO this year with a potential valuation exceeding $2 trillion.
OpenAI, the developer behind ChatGPT, is reportedly in the early stages of discussions for a new funding round that could raise $30 billion and value the company at $1.4 trillion, according to Bloomberg, citing people familiar with the matter. This proposed valuation represents a significant increase from its $852 billion valuation in March. The company has also indicated that its long-awaited public market debut is now targeted for 2027 at the earliest, with CEO Sam Altman citing a focus on AI safety as a reason for the delay. OpenAI had previously confidentially filed IPO paperwork with the US Securities and Exchange Commission in June. Meanwhile, competitor Anthropic, creator of the Claude AI model, is reportedly moving forward with its own IPO plans for this year, potentially valuing it at over $2 trillion.