OpenAI CEO Sam Altman said the company would delay its public offering until it can make more confident decisions about the safety of artificial intelligence technologies, while targeting at least $30 billion in new funding at a valuation of up to about $1.4 trillion, according to people familiar with the matter.
The decision to delay the IPO comes as the company faces a new lawsuit related to the use of its tools in a breach of a third party.
Funding at a valuation of up to $1.4 trillion
OpenAI is seeking to raise at least $30 billion in a new funding round, while the company’s valuation in the round could reach about $1.4 trillion, according to people familiar with the matter.
Annualized revenue approaches $70 billion
The company’s annualized revenue run rate is approaching $70 billion, based on current revenue levels, supported by sales to corporate customers more than doubling since July, according to a person familiar with the matter.
The source added that the company’s annualized revenue growth rate has risen by more than 70% since the start of the third quarter, while consumer revenue in the third quarter alone exceeded the total recorded throughout last year.
Expanding in the AI agent market
As part of its expansion in the AI agent market, OpenAI unveiled its new AI agent, Dots, which operates autonomously around the clock to carry out users’ tasks across different applications, putting the company in direct competition with Meta.
