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OpenAI targets $30 billion funding at $1.4 trillion valuation, Bloomberg News reports
- On Tuesday, Bloomberg News reported that OpenAI is seeking at least $30 billion in a bridge funding round, targeting a valuation of about $1.4 trillion.
- Safety concerns prompted CEO Sam Altman to delay the company's anticipated public market debut until after 2026, describing an earlier IPO as "ill-advised" given ongoing internal work.
- Annualized revenue has surged to nearing $70 billion, marking more than 70% growth since the third quarter began, following a March funding round that raised $122 billion at an $852 billion valuation.
- Investors are actively leading demand for the deal, though negotiations remain at an early stage with terms subject to change, according to Bloomberg.
- Altman has thrown his support behind a proposal from Anthropic CEO Dario Amodei that aims to slow frontier AI development and introduce outside evaluators to assess existential risks.
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OpenAI plans to raise at least $30 billion at a valuation of about $1.4 trillion after the IPO is postponed. The new round should become an intermediate source of capital, while the company's annual revenue has already exceeded $40 billion.
·Kyiv, Ukraine
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Sam Altman says OpenAI won’t go public until its models are safe
For months, people have wondered when OpenAI will go public. CEO Sam Altman says it won't happen until the company can make better promises about model safety, with no firm timeline in sight. "We intend to continue with AI progress … but as the models have had this surge forward in capability, and we see […]
·United States
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Coverage Details
Total News Sources35
Leaning Left2Leaning Right5Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
13%
C 56%
R 31%
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