OpenAI is seeking to raise at least $30 billion in a new funding round, Bloomberg reported. The round would value the company at approximately $1.4 trillion before the investment.
The funding would strengthen OpenAI’s reserves as it invests heavily in computing power and model development. The effort follows the company’s decision to delay its plans for an initial public offering.
Reports earlier in September said investors had approached OpenAI with offers valuing it at $1.2 trillion. The company was seeking a valuation as high as $1.5 trillion, those reports said.