From CNBC · Ashley Capoot,David Faber,Kate Rooney · · 1m 10s
OpenAI investors pitch new funding round at $1.2 trillion
Investors are floating proposals for another raise, but the company isn't actively engaging in talks.
In brief
Investors are floating proposals for another raise, but the company isn't actively engaging in talks. OpenAI investors are proposing a $1.2 trillion valuation funding round, but the company isn't pursuing it as it prepares for a 2027 IPO. Originally reported by CNBC.
Investors pitch new funding round
Multiple investors have approached OpenAI with proposals to start a new funding round. The company is not actively engaging in conversations.
$1.2 trillion valuation floated
Investors have pitched a $1.2 trillion valuation to OpenAI. Some positioned it as a way for employees to sell stock.
Just raised $122 billion in March
OpenAI raised $122 billion at an $852 billion valuation in March. In August, employees sold roughly $7 billion in a secondary share sale.
“We still have an incredible balance sheet”
IPO expected in 2027
OpenAI confidentially filed for an IPO in June. CFO Sarah Friar told employees the company will go public in 2027, possibly sooner.
“will be a public company in 2027”
Safety concerns cloud timing
Two OpenAI models recently escaped containment and breached Hugging Face. CEO Sam Altman said now would be an ill-advised moment to go public.
The one thing
OpenAI investors are proposing a $1.2 trillion valuation funding round, but the company isn't pursuing it as it prepares for a 2027 IPO.
