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

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

Bloomberg reports OpenAI is in talks with investors for a pre-IPO round of at least $30 billion at a valuation of about $1.4 trillion. The report says a strategic focus on coding and other key areas pushed run-rate revenue up 70% since July, reaching $40 billion in August; the company previously raised $122 billion in March at an $852 billion valuation.

Why it matters: It lays out the size, valuation and revenue shift in OpenAI's new round, plus the background to its IPO timetable changes.