# OpenAI in talks to raise $30bn at $1.4tn valuation

> OpenAI seeks $30bn+ at $1.4tn valuation as revenue nears $70bn run rate.

*Bloomberg reports early-stage funding talks as OpenAI's annualised revenue nears $70 billion and its IPO slips to 2027.*

By Behzad Hosseini · FeaturedDaily
Canonical: https://featureddaily.com/news/openai-in-talks-to-raise-30bn-at-1-4tn-valuation

**What happened:** OpenAI is in early talks to raise at least $30 billion at a valuation of about $1.4 trillion, [Bloomberg reported](https://techcrunch.com/2026/09/29/openai-repotedly-in-talks-to-raise-30b-round-at-1-4t-valuation/) on 29 September. The round would replace an IPO for now. Terms are still fluid and demand is being led by investors.

**The numbers:** OpenAI's annualised revenue run rate has jumped more than 70% since the start of Q3, to nearly $70 billion, [according to Investing.com](https://www.investing.com/news/stock-market-news/openai-revenue-run-rate-nears-70-billion-as-ai-ipo-race-heats-up-4923048). That's up from about $40 billion in August. Q2 operating loss widened to $12.3 billion, from $9.3 billion in Q1.

**The context:** OpenAI raised $122 billion in March 2026 at an $852 billion valuation — a round meant to be its last before a 2026 listing. Bloomberg had earlier floated a possible round near $1.2 trillion instead.

**Who's affected:** Growth is broad-based. B2B revenue has more than doubled since July. Consumer revenue added in Q3 alone already exceeds all of OpenAI's 2025 consumer revenue, driven by subscriptions, enterprise demand, the Codex coding tool and a new advertising business.

**Why it matters:** OpenAI has pushed its IPO from 2026 into 2027, citing AI safety concerns. A bridge round this large keeps it funded and dominant while it delays going public.

**The rivals:** Anthropic has also filed confidentially for an IPO and could list as early as this autumn, putting the two labs on different timelines.

**In their words:** CFO Sarah Friar told CNBC at DevDay that Q3 was "incredible," confirming 70% quarter-over-quarter growth, and said consumers are shifting toward consumption-based pricing rather than flat seats.

**What's next:** DevDay 2026, held the same day, saw OpenAI launch Dots agents, GPT-6.1 Sol and a $500-a-month Pro 500 plan — bets that could feed the next revenue jump if the funding talks close.

## Key takeaways

- OpenAI in early talks to raise at least $30bn at ~$1.4tn valuation
- Annualised revenue run rate nearly $70bn, up 70%+ since Q3 began
- IPO pushed to 2027; Q2 operating loss widened to $12.3bn

## Sources

- [OpenAI repotedly in talks to raise $30B round at $1.4T valuation](https://techcrunch.com/2026/09/29/openai-repotedly-in-talks-to-raise-30b-round-at-1-4t-valuation/) — TechCrunch, 2026-09-29
- [OpenAI revenue run rate nears $70 billion as AI IPO race heats up](https://www.investing.com/news/stock-market-news/openai-revenue-run-rate-nears-70-billion-as-ai-ipo-race-heats-up-4923048) — Investing.com, 2026-09-29