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Story summary
- OpenAI is raising up to $30 billion at a $1.25 trillion valuation.
- The round serves as a bridge before a delayed IPO originally slated for 2026.
- OpenAI filed confidential SEC paperwork for an August IPO without a firm timeline.
- CFO Sarah Friar signaled the public listing will happen sometime in 2027.
- Wall Street investors are urging OpenAI and Anthropic to go public quickly, fearing a Democratic midterm crackdown.
