From Fortune · Jim Edwards · · 1m 20s
OpenAI eyes $1.2 trillion funding round, shelves IPO plans
Sam Altman's company is in talks for new venture capital instead of going public this year.
In brief
Sam Altman's company is in talks for new venture capital instead of going public this year. OpenAI is pursuing private funding at a $1.2 trillion valuation rather than going public, citing safety concerns as a reason to delay an IPO. Originally reported by Fortune.
OpenAI delays IPO plans
The company is in talks for another funding round that would value it at $1.2 trillion. This would eliminate the need to go public this year.
Safety concerns drive the decision
Sam Altman told Fortune that now would be an ill-advised moment to go public given everything happening with safety.
“Given everything happening with safety, right now would be an ill-advised moment to go public, and we don't feel pressure on that.”
Massive valuation jump from March
OpenAI raised $122 billion in March at a valuation of $852 billion. The new round would push that to $1.2 trillion.
Fortune 500 Europe hits record
The combined revenues of Europe's 500 largest companies reached $15.5 trillion this year, equivalent to half of Europe's GDP.
European profits bounce back
Profits returned to growth, rising 3% to just over $1 trillion after a 5% decline in 2025.
Volkswagen tops the list again
Volkswagen holds the top spot for a third year with revenue of $363 billion, despite tariffs and Chinese competition.
The headline
OpenAI is pursuing private funding at a $1.2 trillion valuation rather than going public, citing safety concerns as a reason to delay an IPO.
