OpenAI launches $500 subscription tier and seeks $30bn funding
Summarised from 3 outlets · 4 reports · Updated 2 Oct, 12:19 · Archive
OpenAI has introduced a $500 monthly Pro subscription and is reportedly seeking $30 billion in new funding at a $1.4 trillion valuation.
OpenAI has introduced a new $500 monthly Pro subscription tier whilst reducing the capabilities of its current $200 plan. The company is simultaneously in talks to raise $30 billion in fresh funding, according to multiple sources. This new investment round would value OpenAI at $1.4 trillion.
The funding round is anticipated to be OpenAI's last major private raise before going public, though the company has delayed its IPO plans. Ars Technica reports that AI safety concerns have prompted the delay of the public debut, which is now anticipated for 2027.
The moves suggest OpenAI is pursuing growth through both consumer-facing premium offerings and substantial new capital to fuel development ahead of its eventual public listing.
How it is being reported
- OpenAI delays IPO over AI safety concernsOpenAI is seeking another $30 billion privately as its IPO plans slip.Ars Technica · 30 Sept, 15:06
- OpenAI repotedly in talks to raise $30B round at $1.4T valuationThe new round is anticipated to be the company's last before its delayed 2027 public debut.TechCrunch · 29 Sept, 20:52
- OpenAI reportedly in talks to raise $30B round at $1.4T valuationThe new round is anticipated to be the company's last before its delayed 2027 public debut.TechCrunch · 29 Sept, 20:52
- OpenAI adds $500(!) Pro subscription, nerfs its existing $200 tierHow long until every other AI company does the same?Engadget · 29 Sept, 18:15
In this story: OpenAI
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