OpenAI said to be in talks to raise at least $30B at a $1.4T valuation

OpenAI reportedly in talks to raise $30B round at $1.4T valuation

Bloomberg reports OpenAI is negotiating a pre-IPO round of at least $30 billion at a valuation near $1.4 trillion. The report says a strategic focus on areas like coding drove run-rate revenue up 70% since July, reaching $40 billion in August.

Why it matters: It lays out the size, valuation and revenue shift of OpenAI's new round, which can be compared with its earlier funding and IPO timeline.