OpenAI is reportedly seeking to raise at least $30 billion from investors in a new funding round after postponing plans for an initial public offering, according to Bloomberg, citing people familiar with the discussions.
The ChatGPT maker is targeting a valuation of about $1.4 trillion before the new investment is included. That would represent a substantial increase from the $1.2 trillion valuation OpenAI was previously considering and would put the AI startup above rival Anthropic’s latest private-market valuation.
The fundraising talks remain at an early stage and could still change. Strong investor demand is reportedly helping drive the proposed round as OpenAI seeks additional capital to expand its artificial intelligence business.
OpenAI and Anthropic are competing aggressively for enterprise AI customers while preparing for eventual Wall Street listings. Both companies have reportedly submitted confidential IPO paperwork, with Anthropic potentially pursuing a public listing as early as this fall.
OpenAI CEO Sam Altman recently said the company would not proceed with an IPO this year as it focuses on artificial intelligence safety concerns. Altman described the current enviro...