Should OpenAI command an over $1 trillion valuation with this round, it would break records as the most highly valued private company ever.
OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
Source: TechCrunch
Original reporting
TechCrunch: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
TechCrunch
Warhound raises $200M to engineer war dogs and arm them with Anduril gear
Warhound, the brainchild of Ben Lamm and Palmer Luckey, emerges from stealth to genetically engineer dogs for military and law enforcement.
The Verge
Spotify says yes, it is busting people for using Family Plan sharing too widely
Spotify co-CEO Alex Norstr m confirmed on this week's earnings call that the company is trying to catch Spotify Family plan users who don't actually live together with a new QR code verification method that requires scanning the plan manager's phone. TechCrunch reports that in response to a question about the "crackdown," he called it a […]
The Verge
The next-gen Xbox won’t cost you $1,800. It can’t. Can it?
Fortune dropped a bombshell report on the future of gaming this week. According to the publication's Microsoft insiders, the next Xbox is projected to cost between $1,200 and $1,800 when it arrives in 2028. My first reaction: The next Xbox is dead on arrival. It's DOA. My second thought: Microsoft knows people won't pay that […]
TechCrunch
As blockchain investing falls out of vogue, a16z Crypto rebrands as a16z Frontier
The digital asset unit, helmed by Chris Dixon, broadens its scope.
The Verge2 outlets
Canva’s first AI image model plans designs before generating them
Canva is diving even deeper into AI with the launch of an image generation model that competes directly with those from OpenAI, Microsoft, and Google. The model, called Canva Craft, uses a two-stage architecture that allows it to plan a design before generating an image, allowing for "greater precision, consistency and control," according to an […]
The Verge
PC shipments dropped over 20 percent in Q3 due to RAM price hikes
Demand for new PCs took a hit after months of price hikes, with Counterpoint Research reporting global PC shipments fell 21 percent year-over-year in Q3 2026. That's in line with earlier reports from IDC and Omdia. It's not just PCs, either - that same quarter, smartphone shipments also hit a 14-year low. Counterpoint linked the […]