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

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.