OpenAI Seeks $30 Billion Infusion at $1.4 Trillion Valuation

The company’s financial momentum shows no signs of slowing, with run-rate revenue climbing 70% since July to reach $40 billion in August. This surge follows a strategic pivot toward high-demand sectors like coding, helping the firm maintain its lead over competitors such as Anthropic. The potential funding follows a March round that secured $122 billion at an $852 billion valuation, a deal previously intended to be the final private raise before going public.

CEO Sam Altman has shifted the corporate timeline, ruling out an IPO in 2026 to focus on AI safety infrastructure. Addressing concerns regarding existential risks, Altman noted that he considers even a 10% probability of catastrophic outcomes unacceptable, prioritizing rigorous safety protocols over immediate market entry. OpenAI has not commented on the reported negotiations.