OpenAI Targets $30 Billion Funding at $1.4 Trillion Valuation, Bloomberg News Reports
- On Tuesday, Bloomberg News reported that OpenAI is seeking at least $30 billion in a bridge funding round, targeting a valuation of about $1.4 trillion.
- Safety concerns prompted CEO Sam Altman to delay the company's anticipated public market debut until after 2026, describing an earlier IPO as "ill-advised" given ongoing internal work.
- Annualized revenue has surged to nearing $70 billion, marking more than 70% growth since the third quarter began, following a March funding round that raised $122 billion at an $852 billion valuation.
- Investors are actively leading demand for the deal, though negotiations remain at an early stage with terms subject to change, according to Bloomberg.
- Altman has thrown his support behind a proposal from Anthropic CEO Dario Amodei that aims to slow frontier AI development and introduce outside evaluators to assess existential risks.
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The Economic Times
Times of IndiaOpenAI targets $30 billion in new funding at $1.4 trillion valuation
The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people, potentially vaulting it back above longtime rival Anthropic’s most recent private market valuation. Bloomberg News previously reported OpenAI was mulling a new round at a $1.2 trillion valuation.
Incidents involving OpenAI artificial intelligence agents, which affected Hugging Face, Australia's Medicare system and United States agencies, deepened doubts about the company's controls
OpenAI seeks $30 billion at $1.4 trillion valuation as IPO is pushed back
Early talks with investors could give the ChatGPT maker fresh capital while it postpones a public listing; the proposed valuation would mark another sharp jump for the AI giant as spending, revenue growth and safety pressures continue to mount
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