OpenAI is nearing the completion of a private funding round that values the company at approximately $1.25 trillion. As of October 31, 2026, the company had secured about $11 billion in commitments, compared with an initial target of $30 billion that was reduced to roughly $20 billion. The round is being framed as bridge financing ahead of an initial public offering expected in 2027, while OpenAI’s annualized revenue run rate reportedly reached about $50 billion by late September 2026. The valuation remains above March 2026’s $852 billion post-money valuation, following a $122 billion raise, but the reduced targets reflect renewed investor caution amid pressure on AI-related technology stocks.
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