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OpenAI is reportedly seeking to raise as much as $30 billion at a valuation of about $1.4 trillion, excluding the new funds, Bloomberg reported on Sept. 29. The company has not confirmed the financing plan and declined to comment to Bloomberg. CEO Sam Altman has said OpenAI does not plan to go public this year, citing safety work and a desire to prepare without the pressures of a new listing.
OpenAI is reportedly seeking up to $30 billion in new funding at a valuation of roughly $1.4 trillion before the new money, Bloomberg News reported Tuesday, Sept. 29, citing people familiar with the matter. The reported fundraising target comes as the artificial intelligence company delays plans to go public and competes with Anthropic for investors and enterprise revenue.
The valuation would place OpenAI among the world’s most highly valued private companies and could exceed Anthropic’s latest private-market valuation, Bloomberg reported. The report said investor demand is driving the proposed round as OpenAI experiences robust revenue growth. The sources’ identities and the proposed terms were not disclosed in the PYMNTS account of Bloomberg’s reporting.
Neither company has confirmed the financing plan. OpenAI declined to comment when Bloomberg contacted it, and PYMNTS said it had not received a response to its own request for comment. The reported $1.4 trillion figure does not include any money raised in the round, according to Bloomberg’s report.
OpenAI CEO Sam Altman has said the company does not expect to go public this year. In a Bloomberg TV interview on Tuesday, he said OpenAI wants time to address safety concerns tied to advances in AI capability without also managing the demands of a newly public company. Separately, Axios reported Tuesday that OpenAI was on track for nearly $70 billion in annualized revenue, while noting that expense details were unclear.
A High-Stakes Private Fundraising Target
A funding round at the reported valuation would give OpenAI a major private financing target as it prepares for a possible public offering. It also comes as the company and Anthropic compete for enterprise customers, revenue and investor attention. If completed at that level, the round could set a reference point for how investors value large AI companies before they list publicly.
The reported revenue figure offers one measure of the business’s scale, but it does not establish profitability. Axios said OpenAI’s expenses were unclear, leaving an important part of the financial picture unavailable. Investors weighing a proposed valuation would need to consider costs as well as revenue, but the available reports do not provide those details.
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IPO Timing Shapes the Competition
OpenAI and Anthropic have both filed confidential paperwork for initial public offerings, according to the source material. Anthropic’s listing was expected as soon as November, though that timing is a reported expectation, not a confirmed public offering date. PYMNTS wrote that an earlier Anthropic listing could establish a valuation benchmark for other AI companies.
SpaceX went public in June at a reported $1.77 trillion valuation, a figure the PYMNTS report said Anthropic was aiming to surpass. That comparison places the reported OpenAI target in a broader competition over the scale and market value of major technology companies. Altman, meanwhile, has said OpenAI wants to prepare for its eventual IPO without the added pressure of operating as a newly listed company.
OpenAI also announced AI agents called “dots” on Tuesday. The company said they use its GPT-6 Astra model, have individual cloud computers, can learn from feedback, operate around the clock and connect to more than 4,000 apps through its plugin network. The announcement is separate from the reported fundraising plans; no source in the supplied material said the product launch was part of the financing discussion.
Financing Terms Remain Unconfirmed
OpenAI has not confirmed that it is raising up to $30 billion, that it is targeting the reported valuation, or when a financing round might close. The reported terms come from sources cited by Bloomberg, and the available account does not specify the investors, timetable, or whether the target could change.
The company’s expenses also remain unclear in the reporting on its annualized revenue, so the available figures do not show how much of that revenue translates into earnings or cash flow. The timing of either OpenAI’s or Anthropic’s public listing is not confirmed in the source material. Altman’s statement that OpenAI would not go public this year is his stated plan, not a filing date or formal listing schedule.
Investor Talks and IPO Plans
The next concrete developments would be confirmation of a funding round, disclosure of its terms, or a change in OpenAI’s public-listing timetable. OpenAI had not commented on the reported fundraising plan in the accounts provided. Any future investor materials or company statements could clarify the target valuation, the amount sought and how the company’s financial performance supports its plans.
Investors and competitors will also be watching whether Anthropic proceeds with a listing on the reported timetable. A public offering could provide a market reference for AI company valuations, but its timing and valuation remain uncertain in the source material. OpenAI has said it is focusing on AI safety and preparing for an eventual IPO.
Key Questions
How much is OpenAI reportedly seeking to raise?
Bloomberg reported that OpenAI hopes to raise up to $30 billion. The company has not confirmed the reported fundraising plan.
What valuation is OpenAI reportedly targeting?
The report put the target at roughly $1.4 trillion before the new funds. The figure and proposed terms have not been confirmed by OpenAI.
Is OpenAI going public this year?
CEO Sam Altman has said OpenAI would not go public this year. The source material does not give a confirmed date for a future listing.
Why is OpenAI delaying an IPO?
Altman said the company wants to address safety concerns associated with increased AI capabilities without also facing the pressure of being newly public. That is his stated rationale.
What is known about OpenAI’s revenue?
Axios reported that OpenAI was on track for nearly $70 billion in annualized revenue. The report said details about expenses were unclear, so the figure does not establish profitability.
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