[OpenAI Plans to Raise Funds Before IPO, Target Valuation of $1.2 Trillion] OpenAI is in discussions with investors for a new round of funding, targeting a valuation of $1.2 trillion in preparation for its IPO. The company was valued at $852 billion during its last funding round in March, and its annualized revenue has now exceeded $40 billion. CEO Sam Altman stated that the company is not expected to go public before 2027, and training large models will still require significant capital investment. (Source: Jin10)