OpenAI Reportedly in Pre-IPO Funding Talks at $1.2 Trillion Valuation Target

Odaily: OpenAI is in preliminary discussions with investors for a new round of private funding at a target valuation of approximately $1.2 trillion, as it prepares for a future IPO. According to people familiar with the matter, OpenAI reached a valuation of $852 billion after completing a funding round in March this year. Recently, as the latest AI models drove a rebound in market demand, the company has been discussing further funding plans with large investors. The negotiations remain at an early stage, and the final valuation and funding size may change.

OpenAI CEO Sam Altman previously said the company's IPO may not come before 2027, and that going public amid rising discussions about AI safety risks may not be the best timing. The report said that after the release of new models such as GPT-5.6 and Astra, OpenAI's revenue growth has accelerated, with annualized revenue exceeding $40 billion. The company has previously said it has sufficient funds, but training large models still requires sustained and substantial capital investment. (Financial Times)