OpenAI seeks $30 billion round at $1.4 trillion valuation

OpenAI is seeking to raise at least $30 billion in a new funding round that would value the company at approximately $1.4 trillion before proceeds, according to people familiar with the matter reported by InfoMoney. The round is designed as bridge financing after the company postponed plans for an initial public offering. Negotiations remain in early stages and terms could change. Bloomberg News previously reported that OpenAI had considered a valuation of $1.2 trillion.

In an interview with Bloomberg TV on September 29, 2026, CEO Sam Altman said the company does not intend to go public in 2026. Altman stated that OpenAI prefers to navigate heightened safety concerns and adjust to new capability levels without public-market scrutiny, adding he expects investors to remain patient. OpenAI last raised capital in March 2026, securing $122 billion at a post-money valuation of $852 billion.

The company decided not to release its GPT-6.1 Astra model after the system failed internal safety standards. Technology from OpenAI was also involved in incidents including attacks on Australian government websites. Altman recently backed a proposal from Anthropic CEO Dario Amodei to slow development of advanced models and expand independent oversight.

On September 29, 2026, OpenAI introduced Dots, an AI agent competing directly with Meta's Muse. It also introduced a $500 monthly subscription plan with higher usage limits and faster processing, while reducing perks on its $200 tier. According to Bloomberg News, annualised revenue surpassed $40 billion during the northern hemisphere summer, with a source stating that run-rate revenue grew roughly 70% since July.