AI Image
OpenAI reportedly in talks to raise $30B round at $1.4T valuation
TechCrunch • • business
Key Points:
- OpenAI is negotiating with investors to raise at least $30 billion in a pre-IPO funding round, aiming for a valuation around $1.4 trillion, Bloomberg reported.
- The company’s revenue has surged 70% since July, reaching $40 billion in August, driven by a strategic focus on key areas like coding.
- OpenAI previously raised $122 billion in March at an $852 billion valuation, with that round initially expected to be its last private funding before an IPO.
- CEO Sam Altman has postponed the IPO until 2026 to prioritize AI safety, citing concerns about the existential risks posed by AI technology.
- The new funding round is expected to act as a bridge to the eventual IPO, but OpenAI has not provided an official comment.
