OpenAI Seeks $30B Round at $1.4T Valuation

OpenAI is in talks to raise at least $30 billion at a roughly $1.4 trillion valuation in a pre-IPO funding round, Bloomberg reported. The company's run-rate revenue hit $40 billion in August, a 70% jump since July. OpenAI previously raised $122 billion in March at an $852 billion valuation, which was meant to be its last private raise before an IPO. CEO Sam Altman has since ruled out a 2026 public debut, citing AI safety concerns. The new round would serve as a bridge to the eventual IPO.