OpenAI is looking to raise at least $30 billion from investors in a new funding round, according to Bloomberg, with the company targeting a valuation of around $1.4 trillion before the new money is added. The discussions are still at an early stage, meaning the size and valuation could change.
The fundraising comes after OpenAI pushed back plans for an initial public offering. The company had previously been considering a lower valuation of around $1.2 trillion for a new round, making the latest reported target a significant step up.
The new round is expected to act as a bridge, giving OpenAI additional capital while it delays a public listing. CEO Sam Altman has said the company will not go public in 2026, with AI safety concerns among the reasons for holding off on an IPO.
The move also comes only months after OpenAI raised $122 billion in March at an $852 billion valuation, including the money raised. The latest proposal would therefore put the company at a substantially higher valuation despite returning to private markets relatively soon after its previous mega-round.
Investor demand is reportedly helping drive the new fundraising discussions. OpenAI is also competing with Anthropic for enterprise customers and revenue as both companies move toward eventual public-market listings.
OpenAI’s push for more capital comes as its business continues to expand. Bloomberg previously reported that the company’s revenue run rate had crossed $40 billion in August, with the pace of revenue growth accelerating through the summer.
At the same time, OpenAI is putting more emphasis on products aimed at businesses and complex tasks. The company recently introduced new AI-agent offerings and changed its subscription structure, including a new $500-a-month tier with higher usage limits and faster processing.
The funding discussions are also unfolding against a broader debate around the risks of increasingly capable AI systems. OpenAI has continued developing new models and agents while facing scrutiny over safety, creating another factor around how quickly the company expands its technology and infrastructure.
