OpenAI targets $30 billion in new funding at $1.4 trillion value
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.
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.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
