OpenAI seeks $30B bridge round at $1.4T valuation; Gary Marcus questions the math

GaryMarcus · x · 2026-09-30

Per Bloomberg, OpenAI is raising another $30B at a $1.4T valuation as a bridge round after delaying its IPO. It raised $122B at $852B just six months ago, missed revenue and user targets, cut $200-plan usage allowances, with ARR reportedly past $40B. Gary Marcus asks in what world this valuation should go up.

Related event: OpenAI in Talks to Raise $30B at $1.4 Trillion Valuation, Postpones IPO(13 posts)→

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