OpenAI Discusses New Private Funding Round at About $1.2 Trillion Valuation

OpenAI is discussing a new private funding round with investors at a target valuation of about $1.2 trillion as it prepares for a future IPO. According to ChainCatcher, the company’s valuation reached $852 billion after a financing round completed in March this year. The company is also discussing additional fundraising plans with large investors, and the talks are still at an early stage. OpenAI CEO Sam Altman said an IPO may not come before 2027.