OpenAI mulls $1.2 trillion private round ahead of IPO
OpenAI is in early talks for a private funding round valuing the company at about $1.2 trillion ahead of an IPO, aiming to capitalise on demand for its AI tech after recent model releases. CEO Sam Altman has said an IPO is unlikely before 2027, with timing depending on when OpenAI goes public; the new round would likely reward longtime backers like SoftBank and Thrive Capital and could push back IPO payouts, even as OpenAI reports revenue around $40 billion annualized after GPT-5.6 and Astra launches.