OpenAI targets US$30 billion in funding at US$1.4 trillion value
The fundraising discussions are early and could change.
OpenAI aims to raise up to US$30 billion (S$38.4 billion) from investors in a new funding round, according to sources familiar with the matter. The company is looking to achieve a valuation of approximately US$1.4 trillion, excluding the money raised, which would put it back above Anthropic's most recent private market valuation of US$1.2 trillion, as reported by Bloomberg News.
The funding discussions are still early and may change, with investors leading the demand. OpenAI has been engaged in a fierce battle with Anthropic to secure more business customers and boost revenue prior to their scheduled IPOs. CEO Sam Altman has stated that the company plans to postpone its IPO plans to 2026, focusing on navigating AI safety concerns without the pressure of being a publicly traded company.
The latest round is intended to serve as a bridge to provide additional capital instead of an IPO. OpenAI recently raised US$122 billion in March at a valuation of US$852 billion. The company has faced increasing scrutiny over potential AI-related security breaches, such as targeting Australian government websites. OpenAI has also paused the release of its latest model, GPT-6.1 Astra, due to it failing internal safety standards.
The company continues to compete aggressively in the rapidly expanding market for AI agents capable of handling more complex tasks.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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