OpenAI in talks to raise at least $30 billion at a $1.4-trillion valuation
Run-rate revenue reached $40 billion in August, up 70 per cent since July, Bloomberg reported.
OpenAI is in talks with investors to raise at least $30 billion in a pre-IPO funding round at a valuation of about $1.4 trillion, Bloomberg reported on Tuesday, according to TechCrunch.
Investors are eager to put more money into the ChatGPT maker ahead of an expected public listing next year. A renewed focus on areas such as coding has driven a 70 per cent jump in run-rate revenue since July, to $40 billion in August, the report said.
OpenAI raised $122 billion in March at an $852-billion valuation, a round that was meant to be its last private raise before an IPO.
Capital on this scale funds compute, chips and data centres, and it keeps pressure on rivals and on the many smaller software firms building on top of OpenAI's models.
From ARQS Sponsored
Owners and managers following this story can look at ARQS security, Live Intelligence, AI receptionist and ARQS Store. In the ARQS Store, ARQS Trade Website Care — 30-Day Service, ARQS Trade Website Launch Package, ARQS Venture Matrix — Decision Intelligence Report are among the newest tools available.
- Advertise with ARQS
- Website packages
- Reputation engine
- Resume service
- ATS resume optimizer
- AI chatbot hosting
- Business plans
- Competitive Intelligence
- Corporate Intelligence
- Market opportunity report
- No-Code Website & App Development
- The Ultimate Guide to Starting a Sustainable Indoor Urban Jungle
- Fitness & Gym AI Lead Agent
From our partners
Partner content
ARQSARQS StoreAI receptionist, business automation, readiness reviews, website audits and launch packages.
AI AcademyAI Academy course catalogueSelf-study courses in practical AI workflows from Northline Technology Institute.AI AcademyAI Academy Year 1: FoundationsDesign controlled AI-assisted workflows for real operations.
ARQS PressPress RoomReleases, editorials and new books from ARQS Press.Most read
- Court halts Vancouver Aquatic Centre demolition until after civic election
- TSX gains 319 points as energy and telecom stocks lead
- Poilievre takes his tariff-free auto pact pitch to Detroit
- 'I Play Rocky' and 'Ceremony' take VIFF audience awards
- BC Conservatives take five-point lead as leaders head into only TV debate
