The round would be OpenAI's largest to date and its last private raise ahead of a delayed 2027 public debut.
OpenAI is reportedly negotiating a $30 billion funding round that would value the company at $1.4 trillion, according to TechCrunch. The raise is expected to be the company's final private financing before it goes public, a listing CEO Sam Altman has pushed back with no firm timeline.
The valuation jump comes as OpenAI simultaneously expands into agents, office software, and app distribution, moves that widen its addressable market well beyond chatbot subscriptions. Altman has tied the eventual IPO explicitly to safety milestones rather than a calendar date.
A $1.4T valuation prices OpenAI as infrastructure, not just an app, and puts pressure on every enterprise software vendor competing for the same budget line. For operators, the bigger signal is that OpenAI is raising to fund a land grab across agents and productivity tools before it ever answers to public markets.
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