OpenAI Mulls New Funding Round at $1.2 Trillion Valuation Ahead of IPO

OpenAI is reportedly in early discussions with major investors about raising fresh capital at a valuation of around $1.2 trillion, according to the Financial Times. The talks could increase the ChatGPT maker’s valuation significantly from its previous $852 billion funding round, although the figure may change as discussions progress. OpenAI has not commented on the report, while CEO Sam Altman has said the company does not plan to go public in 2026.