OpenAI in talks for funding round at over $1.2 trillion valuation ahead of IPO

OpenAI is in preliminary discussions with investors for a new funding round that would value the artificial intelligence firm at more than $1.2 trillion. The talks, reportedly initiated by investors, come as the company weighs the timing of its highly anticipated initial public offering, which CEO Sam Altman has confirmed will not occur this year. Additional capital could provide flexibility to delay the IPO and fund further acquisitions to bolster its technology stack.