OpenAI Seeks To Raise $30 Billion At $1.4 Trillion Valuation With Investor Support

OpenAI is seeking to raise $30 billion or more at a $1.4 trillion pre-money valuation, following its $122 billion funding round in March at an $852 billion valuation. The company reported about $50 billion in annualized revenue at the end of September and expects to reach at least $70 billion by year-end 2026, driven largely by enterprise growth. CEO Sam Altman has ruled out an IPO in 2026, as the company continues to face significant spending commitments and projected losses. FOUNDERS: Sam Altman, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman & Wojciech Zaremba AMOUNT: $30,000,000,000 VALUATION: $1,400,000,000,000 HQ: San Francisco, California #VentureCapital #OpenAI #SamAltman #ElonMusk #TradedVC