OpenAI in Talks for $1.2T Private Funding Round

OpenAI has held early conversations with investors about raising another private funding round at a $1.2 trillion valuation, ahead of its planned IPO. The company's annualized revenue has reportedly jumped 20% after the release of GPT-5.6, now surpassing $40 billion per year. Investors approached OpenAI for this round, not the other way around.