OpenAI repotedly in talks to raise $30B round at $1.4T valuation

OpenAI is negotiating a pre-IPO funding round of at least $30 billion at a $1.4 trillion valuation, according to Bloomberg. The company’s run-rate revenue rose 70% since July, reaching $40 billion in August, after a strategic refocus on coding. CEO Sam Altman has postponed a 2026 IPO to prioritize AI safety, citing existential risk concerns.