OpenAI plans $30B funding at $1.4T valuation

OpenAI is currently seeking to raise at least $30 billion in a new funding round, aiming to value the company at around $1.4 trillion, according to Bloomberg sources. This move comes during early stages of funding, with investor demand leading the market, and the round will provide capital instead of an initial public offering. The company previously closed a funding round in March worth $122 billion, which elevated its valuation to $852 billion, with expectations that its annual revenues will approach $70 billion, representing an increase of over 70% since the start of the third quarter.

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