OpenAI is reportedly in early discussions to raise a minimum of $30 billion in a massive new funding round that would price the company at a pre-money valuation of roughly $1.4 trillion. The unprecedented financing round is intended to act as bridge financing, providing the company with substantial capital to scale operations in lieu of an immediate initial public offering. Driven heavily by robust investor demand, the talks come on the heels of surging commercial momentum, with OpenAI’s annualized revenue run rate nearing $70 billion. The massive valuation target underscores the extraordinary amounts of private capital continuing to pour into frontier artificial intelligence development as compute and infrastructure costs escalate. While discussions remain fluid and terms are subject to change, the move aligns with recent statements from leadership indicating that a public market debut is currently on hold.

Full report : OpenAI pursues massive private capital to fund skyrocketing infrastructure costs.