OpenAI mulls funding round at $1.2 trillion valuation ahead of IPO, FT reports

Sept 15 (Reuters) - OpenAI ‌has recently ​held ​discussions with large investors about a fresh capital raise that would increase ‌the ChatGPT maker's valuation to about $1.2 trillion before ⁠it goes public, the Financial Times reported on Tuesday, ‌citing people familiar with ‌the matter.

• The conversations with investors are at an early stage and the figure could ​change over the coming months, said the report, adding that the talks were initiated ⁠by investors rather than the company.

• OpenAI declined to comment ​on the report.

• The company had closed a funding round in March with $122 billion ​in committed capital, valuing it ‌at $852 billion.

• OpenAI CEO Sam Altman said on Saturday that the company ⁠would not go public in 2026, citing safety concerns over artificial intelligence.

• OpenAI and rival Anthropic ⁠are pushing for greater regulation of artificial intelligence to ​ensure the technology is developed in ways that promote safety amid concerns about security and misuse.

• Anthropic is ‌expected to begin marketing its initial public offering in mid-October at the ‌earliest and complete the listing days before the ⁠U.S. midterm elections ‌in November, Reuters ​reported earlier this month.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Jonathan ‌Ananda)

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