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OpenAI in Early Talks to Raise $30 Billion Before an IPO
President Trump Announces ‘Super Intelligence’ Accord, Renames AI -- Oura Postpones IPO, Citing “Uncertainty” in IPO Market -- Exclusive: GPU Cloud Provider GMI Raises $668 Million From Nvidia and Others -- Anthropic Discloses up to $84.5 Billion in SpaceX Compute Agreements
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The Information’s TITV: Tech news and analysis. Every weekday at 10 am PT / 1 pm ET. Now streaming → → Sep 30, 2026 The Information AM Supported by Save 25% on an annual subscription to read the most important news about technology and business first. For even more, Save $250 on The Information Pro for unlimited access to our proprietary org charts, databases and surveys. Happy Wednesday! OpenAI is in early talks to raise $30 billion before its IPO. President Trump says leading AI companies have agreed to non-binding commitments on AI safety provisions. Smart ring maker Oura postpones its IPO, citing "uncertainty" in the IPO market. Read more briefings 1. OpenAI in Early Talks to Raise $30 Billion Before an IPO By Valida Pau Source: The Information OpenAI is in early talks with investors to raise a pre-IPO round and is targeting raising $30 billion, according to a person familiar with the matter. The ChatGPT maker could seek a valuation around $1.4 trillion, though it hasn’t signed a term sheet yet with any investor, the person said. The round, largerly driven by investors’ interest, comes before an expected IPO in 2027. OpenAI is seeing growth from selling to enterprise as its annualized revenue nears $70 billion in recent weeks, up around 70% from its revenue pace at the beginning of the third quarter. Bloomberg earlier reported on OpenAI’s fundraising plan. 2. President Trump Announces ‘Super Intelligence’ Accord, Renames AI By Leo Schwartz Source: The Information President Donald Trump announced on Tuesday that leading AI companies had agreed to non-binding commitments on AI safety provisions, including internal controls on model alignment and external auditing. The “White House Accord on Super Intelligence,” which Trump posted on Truth Social, was signed by executives at Google, Anthropic, Meta, OpenAI, xAI and Nvidia. Separately, President Trump signed an executive order formally instructing his administration to stop using the terms “artificial intelligence” and “AI” in favor or “super intelligence” and “SI.” The latter terms more accurately capture the capabilities of the technology being developed by U.S. labs, according to the order. “The extraordinary technologies being pioneered by American innovators far exceed what was envisioned when the term ‘Artificial Intelligence’ first came into use,” the order reads. The accord came after the White House hosted a lunch with tech leaders from those companies, along with Jeff Bezos, Satya Nadella, David Sacks and others. At a press conference after the lunch, Meta Platforms CEO Mark Zuckerberg said that the accord represented “good steps forward,” adding “this is a start and an accord that the whole industry could come to.” The announcement comes as the House remains in recess until after the midterms, precluding the possibility of any legislation around AI safety. Meanwhile, Trump has expressed that any regulation should come from the industry itself, rather than from the government. During Tuesday’s press conference, he referred to the accord as “morally binding.” The document itself specifies that the accord may be codified into laws or regulations in the future. 3. Oura Postpones IPO, Citing “Uncertainty” in IPO Market By Martin Peers Source: The Information Oura, the maker of a popular ring that tracks people’s health, said Tuesday it was postponing its initial public offering, “despite strong demand, due to uncertainty in the IPO market.” Oura was scheduled to go public later this week. The company had made public its IPO filing at the beginning of this month and last week it had disclosed its tentative pricing, making clear it wanted to take the company public at a premium valuation. But the company faced some skepticism. One analyst, Arete Research’s Richard Kramer, likened Oura to other “single product plus subscription models that didn’t end well,” such as Peloton, GoPro and Fitbit. Moreover, wariness is spreading among investors