OPENAI REPORTEDLY IN TALKS TO RAISE $30B ROUND AT $1.4T VALUATION

Summary from the TLDR AI newsletter

OpenAI is in talks with investors to raise at least $30 billion in a funding round at a valuation of roughly $1.4 trillion. The company previously raised $122 billion in March in what was supposed to be the last private raise before an IPO. OpenAI has now ruled out a public debut in 2026 due to AI safety issues. The new fundraising will serve as a bridge round to the IPO.