OpenAI Targets $1.25 Trillion Valuation in New Funding Round
A rout in the artificial intelligence trade faded, offering global stock investors some respite in the final session of a volatile week, with further gains in oil prices keeping sentiment cautious. Bloomberg has learned OpenAI, which is seeking to raise around $30 billion in a fresh funding round, is now targeting a valuation of $1.25 trillion during the final stages of negotiations. French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence. Today's guests: Geoff Yu, BNY Senior Market Strategist; James Murray, Financial Secretary to the UK Treasury; Martin Quencez, German Marshall Fund of the United States Senior Fellow & Special Adviser to the President; Oskar Lewnowski, Orion Resource Partners Founder & Group CEO. (Source: Bloomberg)
Sources
Related
- OpenAI makes Decisions API, its Jev competitor, generally available with new voice and visual modalities, at $0.10/1M input tokens and no output-token charges (Tim Fernholz/TechCrunch) OCT 23, 2026
- Pathos AI, which uses AI to develop oncology drugs, raised a $237M Series E at a $3B post-money valuation, up from $1.6B after its $365M Series D in May 2025 (Katherine Davis/Axios) OCT 23, 2026
- An interview with Intel's leadership, including CTO Pushkar Ranade, on AI chip demand, lessons from 10nm, whether Intel can catch up to TSMC, Terafab, and more (Dwarkesh Patel/Dwarkesh Podcast) OCT 23, 2026
- Sources: Anthropic and London-based PE firm Hg agree to launch a consultancy by the end of 2026 to embed AI consultants and engineers into European businesses (Financial Times) OCT 23, 2026
- China APT Uses AI Pentest Tool Artex in ConnectWise Attacks OCT 23, 2026