中/EN
— reading now
Flash

TopicOpenAI funding and revenue

Story·Companies & Capital·2026-09-30 22:00

OpenAI in Talks to Raise $30B at $1.4T Valuation: A Bridge Round After the IPO Delay

Per Bloomberg's September 29 reporting, OpenAI is in talks with investors to raise at least $30 billion at a valuation of around $1.4 trillion, pre-money. The talks are early and terms can move. It's being framed as a bridge round after the IPO delay — Altman has already ruled out a 2026 listing, citing AI safety.

HIMIAO Horizon·2026-09-30 22:00·2 min read

Listen Save Share card Copy link
A glass headquarters tower with a floating holographic $1.4T figure, a modern financial district in morning light
The $1.4 trillion question: a holographic valuation figure before a glass headquarters — a bridge round buys time · HIMIAO News illustration

Daily Brief · Oct 12

  1. 01

    Hands-On: Perplexity pplx-embed-v2-late — the 0.6B Model That Queries a 9B Index

  2. 02

    Moonshot in Settlement Talks Before Its IPO: A Claim Above $700 Million Dating to a Spin-Out

  3. 03

    text-to-cad Hits GitHub Weekly Chart: CAD Skills for Agents

  4. 04

    colibri Hits GitHub Trending: Pure-C Engine Runs a 744B Model on Ordinary PCs

Read the full brief →

What Happened

Bloomberg reported September 29, citing people familiar with the matter: OpenAI is in talks for a round of at least $30 billion at a valuation of around $1.4 trillion, pre-money — excluding the new capital. Reuters and TechCrunch followed within 12 hours. The talks are early-stage, terms can move, and demand is reportedly investor-driven.

The last round was March: $122 billion in committed capital at an $852 billion valuation (per Reuters). Eight months, a ~64% markup on the target. Revenue numbers differ: Reuters says annualized revenue is approaching $70 billion, up over 70% since the start of Q3; TechCrunch, citing Bloomberg, says $40 billion in August, up 70% since July. The two figures are from different points in time.

Altman ruled out a 2026 IPO citing AI safety (per Reuters; Fortune's 9/12 interview). Meanwhile, per CoinDesk citing IPO prospectus materials, Anthropic plans a November IPO that could top $2 trillion. If OpenAI closes at $1.4T, it retakes the valuation lead.

Key Facts

  1. The round: Per Bloomberg 9/29 (via Reuters, TechCrunch): at least $30B raised, ~$1.4T target valuation (pre-money); early-stage talks, terms can move; investor-side demand driving it.
  2. The last round: March 2026: $122B in committed capital at an $852B valuation (per Reuters). A ~64% markup on the target in eight months.
  3. Revenue figures differ: Reuters: annualized revenue near $70B (up 70%+ since Q3 began); Bloomberg: $40B in August (up 70% since July). The two are from different points in time.
  4. IPO delay: Altman ruled out a 2026 listing, citing AI safety (per Reuters; Fortune 9/12).
  5. The rival: Anthropic reportedly plans a November IPO north of $2T (per CoinDesk citing prospectus materials); an OpenAI close at $1.4T would retake the lead.
  6. Sentiment gauge: Perpetual derivatives on OpenAI on the Liquid platform implied ~$1.6T on September 12 (via aistockwire) — market mood, not an official valuation.

Context

This round is framed as a bridge round after the IPO delay. OpenAI reportedly has a $518 billion cloud infrastructure plan.

The new models announced at DevDay came with cost-efficiency gains.

Why it matters

The target is about 64% above March's $852 billion valuation; Altman has ruled out a 2026 listing, while Anthropic reportedly plans a November IPO.
Useful Tap if this story helped you

CompaniesOpenAI·Anthropic

SourcesBloomberg (first reported 9/29, via Reuters and TechCrunch), Reuters, CoinDesk. Compiled from public reporting; not investment advice.

OPENAIFUNDRAISINGVALUATIONIPOANTHROPIC

Comments

  1. Loading comments…

Related

  1. Oct 8OpenAI's Annualized Revenue Nears $50B, Below the Reported $70B; Nasdaq Falls 1.25%
  2. Oct 3Altman Says Giving AI Religious Meaning Is "a Real Safety Issue"; Axios Says It Targets Anthropic
  3. Oct 9UK's ICO Names 10 AI Labs in Training-Data Privacy Crackdown: "No Justification" for Non-Compliance
  4. Oct 8White House Announces $2.4B in AI-for-Science Tool and Compute Credit Pledges From 11 Companies
  5. Oct 8USA Today Sues OpenAI: $250M+ Damages Sought, "Hundreds of Thousands" of Articles Allegedly Taken for Training

Today

Oct 12 Monday

Latest news

All →
  1. Oct 12Hands-On: Perplexity pplx-embed-v2-late — the 0.6B Model That Queries a 9B Index
  2. Oct 12Moonshot in Settlement Talks Before Its IPO: A Claim Above $700 Million Dating to a Spin-Out
  3. Oct 12text-to-cad Hits GitHub Weekly Chart: CAD Skills for Agents
  4. Oct 12colibri Hits GitHub Trending: Pure-C Engine Runs a 744B Model on Ordinary PCs
  5. Oct 12Moonshot Executives Reported in Settlement Talks With Shareholder, Claim Tops $700 Million
  6. Oct 11Amazon in Talks to Buy AI Startup Decart in Deal Valued Around $7 Billion
Ask the cat