OPENAI CONSIDERS PRE-IPO FUNDING ROUND AT MORE THAN $1.2 TRILLION VALUATION

Summary from the TLDR newsletter

OpenAI has held early discussions with investors about a financing round that would precede the company's highly anticipated initial public offering expected next year. The new funding round, which could value the company at more than $1.2 trillion, has been delayed due to concerns about AI safety. OpenAI has reached more than one billion active users, with more than 200 million businesses using its models.