OpenAI in early talks to raise private funding at $1.2T valuation before IPO

OpenAI has held early conversations with investors about raising another private funding round at a $1.2T valuation before its planned IPO, amid demand for its technology after new model launches.

• New round would value OpenAI at $1.2T
• Talks are still preliminary
• Round planned before IPO
• Demand tied to new model launches