People familiar with the matter say OpenAI plans to raise at least $30 bln in a
new funding round, targeting a valuation of about $1.4 tln excluding the new
capital. If achieved, that would top rival Anthropic’s private-market valuation.
Talks are at an early stage and terms could change. OpenAI declined to comment.
CEO Sam Altman has said the company will not IPO this year and is prioritizing
AI safety, calling current IPO timing unwise. The round is being treated as a
bridge financing to provide additional capital instead of an IPO. In March,
OpenAI raised $122 bln at an $852 bln valuation including that financing.
