OpenAI is seeking $30 billion in new funding at a $1.4 trillion valuation
The fundraising round is meant to serve as a bridge in place of an IPO, which CEO Sam Altman has delayed over AI safety concerns
OpenAI is seeking to raise a minimum of $30 billion from investors in a new funding round, aiming for a valuation of approximately $1.4 trillion, according to sources familiar with the matter. This move comes after the AI startup postponed its plans for an initial public offering. The company's latest valuation, excluding the new funds, is said to be around $1.2 trillion, as previously reported by Bloomberg News. The funding discussions are still in the early stages and may change.
Investors are leading the demand for this round of funding, with OpenAI's revenue run rate accelerating to over $40 billion, a 70% increase since July. Despite the fierce competition with Anthropic in securing business customers and boosting revenue, OpenAI has decided to bypass an IPO for the year to focus on AI safety concerns. The latest fundraise is intended to provide OpenAI with additional capital until it goes public.
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- OpenAI targets $30 billion in new funding at $1.4 trillion value economictimes.indiatimes.com
