The AI company is looking for additional funding while postponing its public offering and expanding its AI capabilities amidst rising safety concerns.
OpenAI is actively seeking to secure at least $30 billion in new funding, aiming for a valuation of approximately $1.4 trillion, excluding the new capital, following the decision to delay its initial public offering (IPO) until after 2026, as reported by Bloomberg.
This fundraising effort is intended to bolster its finances prior to an eventual public listing.
The developer of ChatGPT previously raised $122 billion in March, achieving a valuation of $852 billion at that time, which included that funding.
CEO Sam Altman indicated that OpenAI would not pursue a public offering this year, citing increased concerns regarding the safety of artificial intelligence and the need to adapt to more advanced systems.
In terms of growth, OpenAI's annualized revenue run rate surpassed $40 billion over the summer, reportedly increasing by 70% since July, according to Bloomberg.
The company is also broadening its commercial offerings, launching a new always-on AI agent named Dots and a premium subscription tier priced at $500.
Meanwhile, competitor Anthropic is projected to go public in November, with its IPO prospectus suggesting a potential valuation exceeding $2 trillion, alongside plans to invest $518 billion in cloud computing and infrastructure.