OpenAI Reportedly Seeks $30 Billion at a $1.4 Trillion Valuation as IPO Timing Stays Uncertain

OpenAI is targeting at least $30 billion in new private funding at a valuation of roughly $1.4 trillion, excluding the new capital, according to a Bloomberg report. The talks would mark another sharp step-up for the ChatGPT maker as it delays a public listing and continues funding an unusually expensive race for AI compute, products and talent.