OpenAI reportedly in talks to raise $30B round at $1.4T valuation
The new round is anticipated to be the company's last before its delayed 2027 public debut.
OpenAI is reportedly negotiating with investors to raise a substantial $30 billion in a pre-IPO funding round, according to Bloomberg. The deal would value the company at approximately $1.4 trillion. Investors are keen to invest more money into OpenAI, which is set to go public next year. Despite Anthropic surpassing OpenAI early in the year, a recent strategic shift towards coding has led to a 70% increase in revenue since July, reaching $40 billion in August, as per the report.
OpenAI had previously secured $122 billion in March at a $852 billion valuation, but this was expected to be the company's final private funding before its anticipated IPO. However, CEO Sam Altman has now revealed that he plans to postpone the IPO to prioritize AI safety. Speaking to Fortune, Altman expressed concern over the potential risks AI poses to humanity, stating that a 10% chance of causing global catastrophe by the end of the decade is unacceptable.
The upcoming funding round will act as a bridge to the IPO, according to Bloomberg. OpenAI declined to comment on the matter.
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