OpenAI reportedly in early funding talks that could value it at $1.2 trillion or more
The Information reports that OpenAI’s annualized revenue topped $40 billion in July, but heavy compute spending and price cuts are raising the stakes for its next private financing.
TLDR
The Information reports that OpenAI has been in early talks with investors about a new private funding round that could value it at $1.2 trillion or more. The outlet says annualized revenue topped $40 billion in July, while heavy compute spending and price cuts are raising the stakes for the financing. It also cites CEO Sam Altman’s statement that an initial public offering would not happen in 2026.
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