OpenAI weighs funding round at $1.2tn valuation before IPO

FT reports OpenAI is in early talks for a funding round at roughly $1.2tn valuation, ahead of a planned IPO. That's 4x the $300bn valuation from its October 2025 round. Terms aren't final, and the post doesn't disclose the target raise amount or lead investors. Treat the $1.2tn figure as a ceiling under discussion, not a done deal.

Why it matters: FT exclusive: $1.2tn valuation is 4x the October round — industry-shaking territory. The post doesn't disclose the raise amount or lead investor, so this reads more like a negotiating ceiling than a done deal, which keeps it below 95+. But the number alone forces every AI prof...