OpenAI is currently negotiating a new funding round, aiming to secure at least $30 billion. According to reports, the company is targeting a valuation of approximately $1.4 trillion for this pre-IPO raise.
The developer of ChatGPT has seen significant financial growth recently. Its run-rate revenue increased by 70% since July, reaching $40 billion in August. This growth is attributed to a strategic focus on coding capabilities.
In March, the company completed a funding round of $122 billion, which resulted in a valuation of $852 billion. That round was initially intended to be the final private capital raise before an IPO.
CEO Sam Altman has confirmed that the company will not pursue a public market debut in 2026. The decision aims to prioritize AI safety research and address concerns regarding existential risks associated with artificial intelligence development.
