OpenAI seeks $30 in funding at whopping $1.4 trillion valuation after delaying IPO
The ChatGPT maker is pursuing fresh funding after delaying its public listing, while expanding its AI tools despite mounting safety concerns.
OpenAI is seeking to raise $30 billion in a new funding round. This could value the company at $1.4 trillion, according to Nairametrics. The proposed valuation excludes the new capital being raised.
The fundraising talks are at an early stage and terms could change. OpenAI reportedly delayed plans for an initial public offering (IPO). The company had previously raised $122 billion in March at a valuation of $852 billion.
OpenAI Chief Executive Officer Sam Altman said the company ultimately intends to become publicly listed but wants more time. He cited a new stage in AI development with increased safety requirements.
Brief written by urgent.news from CoinDesk, Nairametrics — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- OpenAI Aims for $1.4 Trillion Valuation With New Funding pymnts.com
- OpenAI seeks $30 billion funding at $1.4 trillion valuation nairametrics.com
- OpenAI Seeks $30 Billion at $1.4 Trillion Valuation bloomberg.com
