TechOpenAI in early talks for $1.2T–$1.5T funding round, more than doubling prior valuation
Investors approached OpenAI about a new private funding round at $1.2T–$1.5T valuation, more than double its March ~$730B–$852B valuation. Talks remain preliminary. Annualized revenue reportedly ~$40B, doubled from end-2025.
TLDR
Reflects intense capital intensity in AI competition. The valuation and pre-IPO funding underscore the 'three companies controlling AI in America' narrative and explosive venture scale required for frontier model development and infrastructure buildout.
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OpenAI in early talks for $1.2T–$1.5T funding round, more than doubling prior valuation
Investors approached OpenAI about a new private funding round at $1.2T–$1.5T valuation, more than double its March ~$730B–$852B valuation. Talks remain preliminary. Annualized revenue reportedly ~$40B, doubled from end-2025.