Updated

Investors in OpenAI have approached the company about participating in a new funding round, according to CNBC, as the AI company prepares for what is widely expected to be a blockbuster initial public offering next year. OpenAI confidentially filed its IPO prospectus in June. New reporting indicates the funding round could value OpenAI at as much as $1.2 trillion, according to Yahoo Finance, underscoring the scale of investor demand ahead of the anticipated IPO and placing OpenAI among the most valuable private companies globally.