OpenAI reportedly seeks $30 billion at $1.4 trillion valuation after IPO delay

Bloomberg reported that OpenAI is seeking at least $30 billion at a valuation of around $1.4 trillion after delaying its IPO. The valuation excludes the new capital. The proposed fundraising would provide capital ahead of an eventual listing. OpenAI last raised $122 billion in March at a valuation of $852 billion, including that investment. CEO Sam Altman said OpenAI would not go public this year because of heightened AI safety concerns and the challenges of adapting to increasingly capable systems. Bloomberg reported that OpenAI's annualized revenue run rate exceeded $40 billion over the summer. Bloomberg also reported that the run rate has increased 70% since July. OpenAI unveiled an always-on AI agent called Dots. OpenAI also introduced a $500 subscription tier. Anthropic is expected to go public in November at a potential valuation of more than $2 trillion, according to its IPO prospectus. Anthropic's IPO prospectus outlines plans to spend $518 billion on cloud computing and infrastructure.