OpenAI is in talks to raise an additional $10 billion in funding, bringing its total fundraising to over $120 billion, one of the largest private financing efforts in history. CFO Sarah Friar confirmed the additional raise in an interview with CNBC, noting that investor appetite for AI remained exceptionally strong throughout the process.
The latest capital builds on OpenAI’s previously announced $110 billion funding round, which included major commitments from Amazon, Nvidia, and SoftBank. That earlier round valued the company at approximately $730 billion on a pre-money basis.
With the additional $10 billion, OpenAI’s valuation is projected to rise to approximately $850 billion on a post-money basis, according to reporting by The Information. The final valuation remains subject to the completion of the closing terms.
The fundraising comes as OpenAI continues to invest heavily in computing infrastructure and talent to support the rapid growth of its AI products. The company has described this as its final private fundraising round before a potential public listing.
Friar indicated that the company is working toward readiness for the public markets, though the timing will depend on broader market conditions.
The move comes amid intensifying competition across the AI sector. Rival Anthropic recently finalised a $30 billion raise at a $380 billion post-money valuation, underscoring the unprecedented scale of capital now flowing into frontier AI.
