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2d ago

OpenAI Declares Code Red, Fast-Tracks ChatGPT and Pursues Up to $100 Billion at Near-$830 Billion Valuation

Altman publicly describes Google as a major threat to OpenAI’s position.

OpenAI CEO Sam Altman says he is "0%" excited about running a public company.
SoftBank CEO Masayoshi Son attends an event to pitch AI for businesses in Tokyo, Japan February 3, 2025. REUTERS/Kim Kyung-Hoon
Sam Altman, CEO of OpenAI, during a media tour of the Stargate AI data center in Abilene, Texas, on Sept. 23, 2025.
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Overview

  • Altman imposed an eight-week “code red,” pausing side projects like ads and Sora to sharpen ChatGPT, and the refocus preceded releases of GPT-5.2 and a new image-generation model.
  • Reuters reports SoftBank is racing to deliver a $22.5 billion commitment by year-end, raising cash via sales of its Nvidia stake and T-Mobile shares and preparing margin loans backed by Arm.
  • The Wall Street Journal and TechCrunch report OpenAI is discussing up to $100 billion in new funding at valuations reported as high as $830 billion, with sovereign wealth funds under consideration.
  • Reporting also describes talks with Amazon for a potential $10 billion-plus investment and a commercial partnership that could include access to AWS Trainium chips.
  • Regulatory filings and local approvals point to a 1.4-gigawatt Michigan data center campus tied to OpenAI’s Stargate buildout with Oracle, underscoring the push to expand compute infrastructure.