OpenAI is exploring a new financing round that could value the artificial intelligence company at approximately $1.5 trillion, sources familiar with the matter said. This potential valuation would nearly double the company’s most recent private valuation of $730 billion and position OpenAI as the most valuable privately held firm globally ahead of its anticipated initial public offering.

According to people with knowledge of the discussions who spoke on condition of anonymity, no final decisions have been made, and the plans remain subject to change. Recent investor proposals have suggested valuations closer to $1.2 trillion, but OpenAI is reportedly aiming for a higher figure, reflecting its rapid growth and expanded product offerings.

The company’s valuation ambitions are anchored in increased adoption of its AI technologies, particularly its coding assistant Codex, alongside advancements represented by its latest AI models, including GPT-6 Astra and GPT-5.6 Sol. These developments contribute to the company’s strengthened market position amid a competitive landscape in AI innovation.

Financially, OpenAI has experienced significant revenue growth, with last month’s annualized revenue surpassing $40 billion. This figure marks roughly twice the company’s sales at the end of the previous year, underscoring accelerated commercial adoption of its products and services.

As OpenAI continues to negotiate with potential investors, the final valuation and timing of its public offering remain uncertain. The company’s trajectory highlights the increasing influence and economic scale of artificial intelligence ventures within the broader technology sector.