OpenAI in Early Funding Talks at Over $1.2 Trillion Valuation

OpenAI is in early-stage talks with investors about a new funding round that could value the company at more than $1.2 trillion, according to reports. The round is said to have been initiated by investors, with the final decision depending on OpenAI's IPO timeline.

If completed, the new funding could delay OpenAI's initial public offering by one or two quarters while providing capital for more acquisitions, according to people familiar with the matter. OpenAI CEO Sam Altman has previously said the company plans to go public but not in 2026. OpenAI is also evaluating legal restrictions on disclosing information to private market investors before an IPO.

OpenAI's main rival Anthropic was valued at approximately $965 billion after its funding round in May 2026 and is currently preparing for an IPO. A successful round would further raise OpenAI's valuation and affect the pace of its public listing.