OpenAI is seeking to raise at least $30 billion in a new funding round at a valuation of approximately $1.4 trillion, excluding the new capital, according to Bloomberg. The fundraising discussions are still at an early stage, and the final terms could change. Investor demand is reportedly driving the proposed financing as OpenAI continues to raise large amounts of capital to support the computing infrastructure, research, product development, and broader operations required to compete in artificial intelligence.
The proposed round would reportedly function as bridge financing in place of an initial public offering, providing OpenAI with additional private capital while allowing the company to remain outside the public markets for the time being.
OpenAI did not immediately respond to Reuters’ request for comment on the reported financing discussions.
If completed at the contemplated valuation, the transaction would represent another substantial increase in OpenAI’s private-market valuation.
The company closed a financing round in March 2026 with $122 billion in committed capital at an $852 billion valuation.
A valuation of approximately $1.4 trillion would represent an increase of roughly 64% from that $852 billion figure, before accounting for the capital raised in the proposed new round.
The fundraising discussions come as OpenAI’s revenue continues expanding rapidly.
Reuters separately reported that OpenAI’s annualized revenue run rate is approaching $70 billion, representing growth of more than 70% since the beginning of the third quarter of 2026.
That revenue growth is occurring alongside significant capital requirements as frontier AI companies invest heavily in computing capacity, data centers, chips, research, and the infrastructure necessary to train and operate increasingly advanced models.
The reported bridge financing would give OpenAI additional capital to pursue those investments without immediately turning to an IPO.
CEO Sam Altman said earlier in September that OpenAI would not go public in 2026, with Reuters reporting that he cited concerns related to AI safety.
The company’s continued reliance on private financing highlights the extraordinary amount of capital flowing into leading AI developers.
A $30 billion-plus financing at a $1.4 trillion valuation would further establish OpenAI among the world’s most highly valued privately held technology companies while giving the company additional financial resources as competition intensifies across foundation models, AI agents, enterprise software, coding, and consumer AI products.
Because discussions remain preliminary, the eventual size, valuation, investor group, and structure of the financing could still change before any transaction is completed.
