According to the Financial Times of the UK, OpenAI has begun preliminary outreach with investors regarding a pre-IPO private funding round, with a potential valuation reaching approximately $1.2 trillion, up about 41% from the $852 billion valuation following its $122 billion financing in March. Sources said the outreach was initiated by investors rather than proactively by the company, and the amount may still fluctuate over the next few months, with the decision to proceed and timing dependent on when OpenAI goes public. CEO Altman said last Saturday that going public is unlikely before 2027. OpenAI spent $34 billion last year, and monthly annualized revenue grew 20% to over $40 billion after the release of GPT-5.6. [PANews]