OpenAI Seeks $30B Funding at $1.4T Valuation After IPO Delay

OpenAI is pursuing a new round of funding after delaying plans for an initial public offering, while continuing to expand its AI products amid growing concerns about the safety of increasingly capable systems.

The ChatGPT developer is seeking at least $30 billion in additional capital at a valuation of about $1.4 trillion, excluding the new investment, Bloomberg reported. The fundraising effort follows the company’s decision to postpone its planned 2026 IPO.

The proposed financing would give OpenAI additional funds ahead of a potential future public listing.

The company most recently raised $122 billion in March at a valuation of $852 billion, including the proceeds from that investment.

OpenAI CEO Sam Altman said the company would not pursue a public listing this year, pointing to heightened concerns over AI safety and the difficulties involved in adapting to increasingly powerful systems.

At the same time, OpenAI’s revenue has continued to grow rapidly. Its annualized revenue run rate surpassed $40 billion during the summer and has reportedly risen 70% since July, according to Bloomberg.

OpenAI is also broadening its commercial product lineup. The company has introduced an always-on AI agent called Dots and launched a subscription plan priced at $500.

Meanwhile, rival AI company Anthropic is expected to pursue an IPO in November. Its prospectus reportedly includes plans to spend $518 billion on cloud computing and infrastructure.

Anthropic’s potential public offering could value the company at more than $2 trillion.