OpenAI repotedly in talks to raise $30B round at $1.4T valuation

OpenAI is said to be back in the market for a very large check. Bloomberg reported Tuesday that the company is talking to investors about a pre-IPO round worth at least $30 billion, with a valuation around $1.4 trillion.

That would make this less a normal financing than a runway extension. According to the report, the money would act as a bridge to an eventual IPO, which investors now expect next year. OpenAI has not commented.

The timing matters because the company’s fundraising story keeps moving. It raised $122 billion in March at an $852 billion valuation, a round that was supposed to be its last private raise before going public. That plan had been pointing to this year, but CEO Sam Altman has since ruled out a 2026 debut so the company can focus on AI safety first.

There’s also a business reason for the appetite. Bloomberg said OpenAI’s refocus on key areas such as coding helped drive a 70% jump in run-rate revenue since July, bringing it to $40 billion in August. Anthropic briefly got ahead at the start of the year, but OpenAI seems to have reclaimed some momentum just in time to ask investors for even more money.