OpenAI discusses a $30 billion funding round at a $1.4 trillion valuation
What happened
According to Bloomberg, OpenAI is discussing pre-IPO funding of at least $30 billion with investors at a valuation of around $1.4 trillion. The report said a strategic focus on key areas such as coding had driven run-rate revenue up 70% since July, reaching $40 billion in August. Ars Technica later reported that OpenAI had delayed its IPO plans over AI safety concerns and was instead seeking another $30 billion in private funding. Talks remain ongoing, with no investor list, specific terms or completion date disclosed.
Written by AI from the reports · updated 22 h ago
Timeline
Follow the reports to see the event from each side.
- Ars Technica · AIOpenAI delays IPO over AI safety concerns
OpenAI has postponed its IPO plans over AI safety concerns and is turning to private markets to seek another $30 billion in funding.
- TechCrunch · AISelectedOpenAI reportedly in talks to raise $30B round at $1.4T valuation
According to Bloomberg, OpenAI is discussing pre-IPO funding of at least $30 billion with investors at a valuation of around $1.4 trillion. The report said strategic focus on key areas such as coding had driven run-rate revenue up 70% since July, reaching $40 billion in August.
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