
OpenAI is in advanced talks to raise at least $30 billion in a pre-IPO funding round, potentially valuing the company at approximately $1.4 trillion, according to Bloomberg. This follows a previous $122 billion raise in March at an $852 billion valuation and coincides with a 70% increase in run-rate revenue to $40 billion as of August, driven by a strategic focus on coding capabilities. CEO Sam Altman has ruled out an IPO before 2026, citing the need to prioritize AI safety research over public market pressures. The new round is expected to serve as a bridge financing mechanism ahead of a future public listing.
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