OpenAI Seeks $30 Billion Funding at $1.4 Trillion Valuation, Delays IPO to 2027

OpenAI is reportedly seeking at least $30 billion in new funding, targeting a valuation of $1.4 trillion, and has delayed its IPO plans until after 2027. The company's annualized revenue has surpassed $40 billion as of this summer, marking a 70% increase since July. Meanwhile, competitor Anthropic has filed for an IPO, with plans to invest approximately $518 billion in infrastructure and a potential valuation exceeding $2 trillion.