OpenAI in Early Talks for $1.2T Pre-IPO Funding Round — SkimNews

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- OpenAI has held early conversations with investors about raising another private funding round at a $1.2 trillion valuation, timed before its planned IPO.
- Sam Altman's startup could capitalize on investor demand for its technology following recent new model launches, per the FT report.
Why it matters: A $1.2 trillion pre-IPO raise would rank among the largest private funding rounds on record, and staging it before a public listing lets OpenAI lock in a private-market valuation while investor demand for AI remains hot after new model releases.
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