OpenAI is seeking to raise at least $30 billion in new funding at a valuation of approximately $1.4 trillion, following a delay in its IPO plans, Bloomberg reported. This financing round would serve as a bridge round, after OpenAI previously raised $122 billion at an $852 billion valuation in March. The fundraising comes as OpenAI's annualized revenue has surpassed $40 billion, amid intensifying competition with Anthropic.