OpenAI sought $30 billion, valuing it at $1.4 trillion, Bloomberg reported.
OpenAI wants at least $30 billion from investors, Bloomberg reported, citing people familiar with the talks.
Discussions are at an early stage and the terms could change.
The $1.4 trillion valuation includes the new money. That is about 64% above the value OpenAI reached in its March funding round.
Bloomberg describes it as bridge financing, giving OpenAI more time before a stock market listing.
Axios reported that OpenAI's annualised revenue has grown more than 70% since the start of July, reaching nearly $70 billion. It could not see the company's costs.
At OpenAI's developer conference on Tuesday, chief executive Sam Altman told CNBC he has no set timeline for a listing. OpenAI declined to comment on the funding talks.
How much of your AI budget depends on a supplier whose profits are not public?
Image: AI-generated.
Sources
Our file on OpenAI
- 7 Oct
Analysts said Claude subscribers use 42% of Anthropic's computing. They pay 10% of sales.
- 4 Oct
AI chipmaker Cerebras debuted at $95 billion. It is now worth $39 billion.
- 1 Oct
Google's new AI guessed wrong on 15% of questions it couldn't answer. OpenAI's 51%.
- 30 Sept
OpenAI faced Florida's 49-page bid to halt model development without outside safeguards.
- 29 Sept
OpenAI shelved its next AI model. It did things without users' permission.
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