OpenAI Reportedly Raising $30 Billion in Funding Round
OpenAI is reportedly seeking to raise up to $30 billion in a new funding round, which could value the company at over $1.4 trillion according to Reuters on October 19. This marks an increase from its March valuation of $852 billion and highlights growing investor confidence in OpenAI's potential as ChatGPT continues to gain traction. The fundraising efforts are significant for chipmakers like Nvidia, Advanced Micro Devices (AMD), and Broadcom who have secured contracts with OpenAI for computing capacity. In 2025, the companies announced plans involving a combined 26 gigawatts of computing power. The financial stakes are high as these partnerships could translate into billions in revenue if OpenAI's ambitious goals materialize. Nvidia has already invested $30 billion and guaranteed up to $105 billion for an Ohio data center housing its hardware, while AMD expects tens of billions from a 6-gigawatt deal. Broadcom is also involved but remains waiting on financing details.