OpenAI Eyes $1.2T Funding Round Ahead of IPO

OpenAI is in early talks with investors about a funding round that could value the company at more than $1.2 trillion ahead of a potential IPO; timing remains uncertain, with CEO Sam Altman indicating the IPO likely won’t happen this year and could occur as late as 2027, while the round would let longtime backers increase exposure and could outpace rivals like Anthropic.