Cloud Computing

OpenAI is pursuing a major private funding round at a valuation of about $1.4 trillion, excluding the new capital, after postponing its public listing plans beyond 2026. The fundraising push comes as the ChatGPT maker expands premium AI products and reports a sharply rising annualized revenue run rate.

Anthropic-linked pre-IPO perpetual futures traded slightly lower even as the AI firm outlined an enormous cloud, computing and infrastructure spending plan. The contracts continue to imply a valuation around $2 trillion, while traders remain mindful that the products are synthetic derivatives rather than equity stakes.