Key facts
- OpenAI is seeking to raise at least $30 billion in a funding round.
- The company is aiming for a valuation of approximately $1.4 trillion.
- The proposed funding round is in its early stages and terms could change.
- The round is being led by investors.
- The funding would serve as bridge financing in place of an IPO.
- OpenAI's annualized revenue run rate is nearing $70 billion, up over 70% since the start of Q3.
OpenAI is reportedly in early-stage discussions to raise at least $30 billion in a funding round, aiming for a valuation of approximately $1.4 trillion, according to a Bloomberg News report citing people familiar with the matter. The terms of the potential deal could change, and investor demand is leading the round. This financing would act as bridge financing in lieu of an initial public offering.
Separately, OpenAI's annualized revenue run rate is nearing $70 billion, having increased more than 70% since the beginning of the third quarter, Reuters reported earlier. The company's enterprise sales have more than doubled since July. In March, OpenAI closed a funding round that committed $122 billion, valuing the company at $852 billion. CEO Sam Altman recently stated that OpenAI would not go public in 2026 due to safety concerns surrounding artificial intelligence.