OpenAI reportedly aims to raise $30 billion in a new funding round valuing the company at $1.4 trillion, underlining how what was set to be a bumper IPO market to end the year is stalling.
The financing push, reported by Bloomberg, comes after the frontier AI lab said it would delay its stock market debut.
Its rival Anthropic is still pushing for its own IPO this year, but that increasingly looks out of kilter with the broader mood in the market: The smart ring maker Oura and SoftBank-backed data center company SB Energy have both delayed their IPOs, while analysts now expect the cloud startup NScale to postpone its investor roadshow, The Wall Street Journal said.