OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

OpenAI is reportedly working on a new funding round that could value the company at over $1 trillion, a record-breaking figure for a private company. The company is seeking to raise $30 billion in the round, which would bring its valuation to $1.25 trillion. This would surpass the current record held by Saudi Aramco, which was valued at $1.88 trillion in its 2019 initial public offering.