OpenAI seeks at least $30B at roughly $1.4T pre-money valuation

Bloomberg reports OpenAI is seeking a new round of at least $30 billion at a pre-money valuation of about $1.4 trillion. Sam Altman ruled out a 2026 listing over AI safety concerns, calling now an ill-advised moment for an IPO. Separately, Axios reports OpenAI's annualized run rate is near $70 billion, up more than 70% this quarter, with enterprise revenue more than doubling.

Why it matters: The material gives the size, valuation and revenue growth of OpenAI's new round, a read on its capital pace and commercialization progress.