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Story summary
- OpenAI is seeking a $30 billion fast-track financing round to reach a $1.4 trillion valuation.
- SoftBank and Abu Dhabi’s MGX are negotiating participation in the $30 billion round.
- CEO Sam Altman said OpenAI will not go public in 2026, waiting for models to stop going rogue.
- OpenAI’s annualized revenue was about $50 billion by September, $20 billion below its $70 billion forecast.