OpenAI targets $1.2 trillion valuation in new funding round ahead of IPO

OpenAI is in preliminary discussions with major investors for a new private funding round, aiming for a valuation of approximately $1.2 trillion to prepare for a future IPO. The company, which was valued at $852 billion in its previous round in March, has seen its annualized revenue surpass $40 billion. While negotiations are in the early stages and terms may change, CEO Sam Altman has indicated that an IPO is unlikely before 2027, citing the need for continued heavy capital investment in model training and the current climate surrounding AI safety.