OpenAI has entered early-stage discussions with investors for a new private funding round. The company seeks a valuation of approximately $1.2 trillion. This target represents a substantial increase from its $852 billion valuation in March 2026.

The Microsoft-backed firm is leveraging high demand for its latest technology. Recent growth follows the successful launches of the GPT-5.6 and Astra models. Investors reportedly initiated the talks for the new capital injection.

CEO Sam Altman recently stated that an initial public offering is unlikely before 2027. Altman cited concerns regarding market readiness for potential AI risks. Final valuation and timing for the funding round remain subject to change.