OpenAI Targets $30B Bridge Round at $1.4T, Pushes IPO to 2027

OpenAI is targeting at least $30 billion in a new funding round at a $1.4 trillion pre-money valuation, per Bloomberg sources, structured as a bridge round after Sam Altman said an IPO this year would be 'ill-advised.' The round comes six months after OpenAI's $122B March raise at $852B, and lands as annualized revenue approaches $70B (up 70%+ since start of Q3). Talks remain early and terms may change.