OpenAI seeks $1.2 trillion valuation in new funding round: Reports

OpenAI is in early-stage talks with investors to raise fresh funds at a valuation of about $1.2 trillion, according to reports. The startup closed a funding round in March with $122 billion in committed capital, valuing it at $852 billion. The latest funding talks come ahead of a potential IPO, which CEO Sam Altman said would not happen in 2026.