OpenAI’s Next Round

OpenAI has begun preliminary talks with investors about a new private round that could value the company at $1.2 trillion or more. CEO Sam Altman previously said an IPO will not happen this year.

• Valuation in the new round could be $1.2 trillion or higher
• Talks with investors are still at an early stage
• Altman ruled out an IPO this year
• IPO delay allows hiding sales growth expenses