OpenAI Seeks $30 Billion at $1.4 Trillion Valuation

OpenAI is in early discussions to raise at least $30 billion at a proposed valuation of about $1.4 trillion, a sharp increase from its $852 billion valuation in a March funding round. Investor interest is driving the financing, which would provide a bridge as the company delays a near-term IPO; the proposed amount and terms could still change. CEO Sam Altman has cited AI safety concerns in explaining the delay. The fundraising comes amid intensifying competition with Anthropic, and could put OpenAI’s valuation above its rival’s recent private-market valuation if completed.