OpenAI has started preliminary funding talks with investors targeting a $120 billion valuation. The deal depends on its IPO plans, with CEO Sam Altman ruling out a 2026 listing. This follows a March round valuing the company at $82.5 billion. Financially, OpenAI reported $6.7 billion in Q2 2026 revenue, with an annualized run rate exceeding $40 billion in August. The company now boasts over 1 billion active users, reflecting strong growth and market confidence despite the uncertain timing of the new investment round.
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