OpenAI in Talks for $30B Round at $1.4T Valuation — SkimNews
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- OpenAI is in talks to raise at least $30 billion in a pre-IPO funding round at a roughly $1.4 trillion valuation, per Bloomberg.
- OpenAI previously raised $122 billion in March at an $852 billion valuation, a round originally intended to be its last private raise before an IPO.
- OpenAI saw run-rate revenue jump 70% since July to $40 billion in August, fueled by strategic refocus on coding after Anthropic momentarily outpaced it earlier in the year.
- Sam Altman ruled out a 2026 IPO, telling Fortune it would be "unacceptable to be taking like a 10% chance of killing everybody by the end of the decade."
- OpenAI's new fundraising will serve as a bridge round to the eventual public market debut, which is now expected next year.
Why it matters: The $1.4 trillion ask — roughly 64% above March's $852 billion mark — shows investors are rewarding OpenAI's $40 billion run-rate and coding comeback over Altman's safety-driven IPO delay. By turning to private capital again, Altman locks in the war chest for the next 12 months of pre-IPO scaling without forcing a public market timeline.
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