OpenAI in Early Talks for $30B Raise at $1.4T Valuation
OpenAI is in early talks to raise about $30 billion at a valuation of roughly $1.4 trillion, according to The Guardian. The company has told investors its annualized revenue reached about $50 billion at the end of September, below the nearly $70 billion figure circulating in the market, a gap it attributes to how cloud-partner revenue is counted. OpenAI still expects to hit or exceed $70 billion in annualized revenue by the end of 2026.
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