OpenAI Aims to Raise $30 Billion and Boost Its Valuation to $1.4 Trillion — Bloomberg
OpenAI's valuation could jump by more than 1.5 times compared to the previous round, according to Bloomberg / Photo: Tada Images / Shutterstock.com
OpenAI plans to raise at least $30 billion from investors in a new funding round, according to sources cited by Bloomberg. The ChatGPT developer expects to be valued at around $1.4 trillion, excluding the funds raised, the news agency reports. Back in mid-September, the Financial Times reported that the AI giant was aiming for a valuation of approximately $1.2 trillion. Following the previous funding round, which concluded in March, its valuation stood at $852 billion.
OpenAI has begun seeking new capital after postponing its plans for an initial public offering. The new funding could potentially allow the company to once again outpace its competitor, Anthropic, whose valuation following its latest funding round approached $1 trillion. Meanwhile, Anthropic is aiming for an IPO with a valuation exceeding $2 trillion, Reuters learned from a yet-to-be-published prospectus for the AI company’s upcoming listing.
Negotiations regarding a funding round for OpenAI are in the early stages, and the terms may still change, sources told Bloomberg. According to one of them, the initiative is primarily coming from investors amid OpenAI’s rapid revenue growth. The company declined to comment to the news agency.
This news story is being updated.
This article was AI-translated and verified by a human editor
